Usdchfsignal
USDCHF LongTime Frame: 1H
Symbol: USDCHF
Entry: 0.96015
TP: 0.96572
SL: 0.95669
Bias: Long
Current price study of this instrument is revealing a short term bullish opportunity. Though it is really difficult to find high probability opportunities or setup nowadays , the average directional bias for this pair is on the bull side. So we are planning a short term momentum trade.
USDCHF NeutralTime Frame: 4H
Symbol: USDCHF
Bias: Neutral
The price pattern of this instrument is showing a neutral position because of the temporary equilibrium between dollar and swiss franc. An obvious change will be noticeable if dollar gets stronger or weaker . But to see that we have to wait a few days.
USDCHF top-down analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCHFThe Swiss Franc fell strongly last week to reach very close to a new 3-year low against the US Dollar, and to reach and surpass parity with it. European currencies excepting the Euro are generally weak, but the Franc is showing standout weakness.
The fall in the Swiss Franc has been unusually strong, being a firmer directional trend over the past few weeks than any other currency excepting the US Dollar. This is unusual as the Swiss Franc rarely trends strongly.
With a still-strong US Dollar, and non-USD currencies (especially European currencies) looking weak, the price may rise further over the short-term. However, bulls should beware of two factors:
The price hit and rejected the old key resistance level at $1.0050.
The Swiss Franc rarely trends for long.
I will not take this trend trade, but it may be attractive to other speculators.