USDCHF Wave Analysis 20 January 2025
- USDCHF reversed from the resistance zone
- Likely to fall to support level 0.9000
USDCHF currency pair recently reversed from the resistance zone located between the key multi-month resistance level 0.9185 (which stopped the daily uptrend last April), the resistance trendline of the daily up channel from September and the upper daily Bollinger Band.
The downward reversal from this resistance zone created the daily Evening Star, which stopped the previous sharp upward impulse sequence (C) from December.
USDCHF currency pair can be expected to fall to the next round support level 0.9000, the former resistance from December.
CHFUSD trade ideas
USDCHF - Reversal Soon!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDCHF has been bullish trading within the rising channel in orange.
Currently, USDCHF is approaching the upper bound of the channel.
Moreover, the blue zone is a strong resistance.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline.
📚 As per my trading style:
As #USDCHF is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
USDCHF PRICE FORECAST UP TREND 1H TIME FRAME 📈 USD/CHF Uptrend Alert!
💡 Entry Point: 0.91000
🎯 Target Level: 0.92000
🔍 Indicator in Use: EMA50
The pair is trading above the EMA50 on the 1H time frame, confirming the bullish momentum. A breakout above the entry level signals further upward potential toward the target zone.
⚠️ Risk Management: Always set your stop-loss levels and manage your trades wisely.
#ForexTrading #USDCHF #TradingStrategy #EMA50 #Uptrend #1HChart
USDCHF, follow the current trendOANDA:USDCHF / 1D
Hello Traders, welcome back to another market breakdown.
USDCHF is showing strong bullish momentum, breaking through key resistance levels and signaling a potential continuation to the upside. However, instead of jumping in at current levels, I recommend waiting for a pull-back to the previous weeklyrange.
If the pullback holds and buying confirms, the next leg higher could target:
First Resistance: Immediate levels formed during prior consolidation.
Macro high.
Stay disciplined, wait for the market to come to you, and trade with confidence!
Trade safely,
Trader Leo
Buy Trade Idea: USD/CHFUSD/CHF has recently broken above the key resistance level at 0.9128, which has now turned into a support zone. The price is currently retesting this level, indicating potential for a bullish continuation toward higher resistance zones.
Entry: 0.9128
Stop Loss (SL): 0.9080
Take Profit (TP): 0.9300
As the trade progresses, price action should be monitored closely. Stop Loss adjustments can be made to break-even or to secure profits as the price approaches the TP level. This setup offers a favorable risk-to-reward ratio (RRR) of approximately 1:4, making it a sound trade from a risk management perspective.
This trade setup is based on a combination of technical analysis, market structure, and the breakout-retest dynamic, supporting a bullish bias.
USDCHF – Potential Bearish Continuation Toward SupportThe USDCHF pair has broken below a key ascending trendline, signaling a potential shift in momentum. This move aligns with a bearish bias, suggesting that price action may now head lower.
If the price retraces back to the broken trendline or nearby resistance levels and forms bearish confirmations—such as rejection patterns, bearish engulfing candles, or long upper wicks, it could reinforce the likelihood of further downside movement.
Should this scenario materialize, sellers may target the 0.90484 level as the next area of interest. A sustained breakdown below this support zone could pave the way for continued bearish pressure.
However, traders should remain cautious. A break back above the resistance zone or strong bullish momentum could invalidate this outlook.
USD/CHF H4 | Falling to Fibonacci confluence support zoneUSD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.9092 which is a pullback support that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 61.8% retracement levels.
Stop loss is at 0.8997 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 0.9212 which is a multi-swing-high resistance.
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USDCHF focuses on buying opportunities at 0.9030On the 4-hour chart, USDCHF is currently fluctuating at a high level. Currently, we can pay attention to the support near 0.9080. If it breaks, it will test the support of 0.902-0.906 area below. When the market reaches around 0.903, we can pay attention to the potential bullish bat pattern.
Could the Swissie reverse from here?The price is rising towards the pivot which acts as a swing high resistance and could drop to the 1st support which has been identified as an overlap support
Pivot: 0.9195
1st Support: 0.9016
1st Resistance: 0.9284
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Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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USDCHF LongBullish bias on USDCHF
Time frame: 4HR
Open Price: 0.91310
SL: 0.91200
TP: 0.91600
RR 1:3
Reasons for bias:
1. Price respecting daily upward trendline
2. Price broke above 4HR resistance area and respected same as support.
3. Price formed a bullish engulfing candle on Friday
4. Strong bullish price action on Dollar Index (DXY)
Bullish bounce?USD/CHF is falling towards the support level which is a pullback support that is slightly above the 38.2% Fibonacci retracement and coul;d bounce from this level to our take profit.
Entry: 0.9135
Why we like it:
There is a pullback support level that is slightly above the 38.2% Fibonacci retracement.
Stop loss: 0.9100
Why we like it:
There is a pullback support level.
Take profit: 0.9173
Why we like it:
There is a pullback resistance level.
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USDCHF - ANALYSIS👀 Observation:
Hello traders! Here’s my analysis for the USD/CHF pair. I’m expecting a small pullback before the price continues its bullish movement upward. My first target for this move is 0.92448 .
However, if the price consolidates below 0.90084 on the 1H timeframe, I anticipate a downward move.
📈 Expectation:
Bullish continuation towards 0.92448 , unless the 0.90084 level is broken to the downside.
If 0.90084 breaks and consolidates, expect a bearish move lower.
💡 Key Levels to Watch:
Target: 0.92448
Support to hold: 0.90084
💬 What’s your perspective on USD/CHF? Share your thoughts in the comments below!
Trade safe
USDCHF Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDCHF for a buying opportunity around 0.90600 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.90600 support and resistance area.
Trade safe, Joe.
USDCHF GOING UPTechnical Analysis:
The EUR/USD is showing bullish momentum, breaking above key resistance levels. The pair is trading above its 50-day and 200-day moving averages, confirming an uptrend. A bullish crossover in the MACD and rising RSI suggest further upside potential. Key resistance is at 1.10, with support holding strong at 1.085. A breakout above 1.10 could open the path toward 1.12.
Fundamental Analysis:
The Euro is supported by robust economic data, including better-than-expected PMI figures and hawkish signals from the ECB. Meanwhile, the USD is under pressure as the Fed signals a pause in rate hikes amid cooling inflation. Diverging monetary policies and improving sentiment in the Eurozone favor further EUR/USD gains.
USDCHF SELL ( LONG TERM PROJECTION)USDCHF , price is exoeriencing rejection from the strong supply ,
i expect a sell long run , with accumulation of over 350+ 🔥
disect the tp leveks in subsections of 1-3 tps
you need vision and enough capital for long run projection
goodluck family . use proper risk management