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Swiss Franc / U.S. Dollar

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CHFUSD trade ideas

USDCHF | Market outlookThe pair pared some of its gains on board-based US dollar weakness. The overall bias remains bearish as long as resistance 0.8900 holds. It hit a low of 0.87745 and is currently trading around 0.87875. In November 2024, the U.S. added 227,000 jobs, much more than the expected 202,000, showing a strong job market after a weak October. The unemployment rate stayed steady at 4.2%, but there was a drop of 355,000 full-time jobs. Private sector jobs rose by 194,000, with strong growth in leisure and hospitality. Wages increased by 0.4% compared to last month, indicating stable earnings. On December 4, 2024, key U.S. economic reports showed mixed results. The ADP Employment Report revealed that the private sector added 146,000 jobs in November, missing expectations of 152,000 and down from 233,000 in October. The ISM Services Index fell to 52.1, lower than the expected 55.7, indicating slower growth in the services sector. These reports suggest a slowdown in job creation and service industry activity as the economy adjusts. For the week ending November 30, 2024, initial jobless claims in the U.S. rose by 9,000 to 224,000, higher than the forecast of 215,000. The four-week moving average also increased to 218,250. Despite this rise, the job market remains strong with low layoffs, although some workers are experiencing longer-term unemployment, as shown by a decrease in continuing claims to about 1.871 million. Overall, the labor market is adjusting to various economic pressures.
Long
by DynamicCapital-FX
POTENTIAL BREAK AND RE-TEST TRADEUSD/CHF 1D - As you can see price has broken the structure to the upside and gave us the opportunity to take part in long positions initially, now we are getting another opportunity. I feel price has performed a break and re-test as price traded us higher breaking the last protected high and its now come back down to test the area of Resistance which is now acting as a level of Support. It is important that we wait for entry confirmation, as you all know this will come via a fractal break in structure to the upside, this confirms an end to the bearishness trading us into the zone and the start of the next bullish leg. Once we have confirmation of all of this, we can then begin looking to enter in long on the market, waiting for price to pullback we are allowing ourselves to get involved in this market with a refined entry.
Long
by Lukegforex
SELL TREND start in USDCHF market, foremed H&S pattern at top...📉 USDCHF Price Forecast 📉 OANDA:USDCHF USDCHF has reached the top of the uptrend and formed a Head and Shoulders pattern, a classic reversal signal. The neckline of this pattern has been broken, and now the pair is heading towards a breakdown of the 200 EMA, supported by a strong bearish candle. This confirms a shift in momentum to the downside, presenting an excellent opportunity for sell trades. 🎯 Technical Target Levels: 0.8760, 0.8710, 0.8660, 0.8530, and 0.8410. 📌 Key Highlights: - Reversal pattern (Head and Shoulders) confirmed. - Neckline and 200 EMA breakdown in progress. -Strong bearish signals point to further downside. ✅ Stay updated! Like, comment, and follow for timely market forecasts. Don’t miss out on the next big moves—let’s trade smart together! 🚀 📢 Join the winning team and maximize your profits! #USDCHF #ForexTrading #TechnicalAnalysis #TradingSignals
Short
by TrendLogic1
1
USDCHF: Head & Shoulder Pattern Indicating Further DeclineUSDCHF: Head & Shoulder Pattern Indicating Further Decline The price completed a clear Head & Shoulder pattern. It will be very risky today with the NFP data and the way the market may react to the numbers and how they will be interpreted However remains the fact that USDCHF has a bearish and clear pattern which can push it down to 0.8700 and 0.86300 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
7