USDCHF trade ideas
USDCHF 4H SHORT IDEAOn the USDCHF 1D chart, after moving in a range and making a 3-touch rejection, the price broke out of a higher timeframe channel and pulled back before dropping further, breaking below the previous key level at 0.89105. Now, it is pulling back again.
Since the trendline zone, key level, and Fibonacci 0.618 align at this point, I am planning to open a sell position.
I will wait for price action confirmation on the 15M-30M timeframe before entering.
USD/CHF H4 | Pullback resistance at 38.2% FiboUSD/CHF is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8856 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement.
Stop loss is at 0.8940 which is a level that sits above the 61.8% Fibonacci retracement and an overlap resistance.
Take profit is at 0.8757 which is a swing-low support.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDCHF Will Grow! Buy!
Here is our detailed technical review for USDCHF.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 0.881.
The above observations make me that the market will inevitably achieve 0.885 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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Could the Swissie bounce from here?The price is falling towards the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 0.8815
Why we like it:
There is a pullback support level.
Stop loss: 0.8749
Why we like it:
There is a pullback support level.,
Take profit: 0.8913
Why we like it:
There is an overlap resistance level that is slightly below the 61.8% Fibonacci retracement.
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USDCHF will be in the Bullish directionHello Traders
In This Chart USDCHF HOURLY Forex Forecast By FOREX PLANET
today USDCHF analysis 👆
🟢This Chart includes_ (USDCHF market update)
🟢What is The Next Opportunity on USDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Chart
UPDATE ON USD/CHFUSD/CHF 30M - As you can see price has come to completely liquidate the hidden order block I have marked out below, anyone who had a pending order set there should be in the money and profiting well.
With price trading lower to clear that area I am now expecting price to continue pushing us higher, breaking highs and protecting lows. This is a position I will be looking to hold.
This trade is currently running + 50 pips. (+ 3%) 3RR
A big well done to those of you who jumped in on this initially, please make sure you are taking partials and applying safety measures with your positions.
If you have any questions with regards to the analysis or the trade itself drop me a message or comment below and I will get back to you as soon as possible! Big up to all of you!
USD Weakens as Fed Cuts Loom, Safe-Haven CHF GainsMacro:
- Economic concerns in the US, including slowdown risks and trade policy uncertainties, have weakened the US dollar against the swiss franc, benefiting from its safe-haven status.
- Traders expect 0.75% in Fed rate cuts this year, with a Jun cut fully priced. Investors now await Wed's US inflation report for further cues.
- Meanwhile, net long dollar positions in currency futures markets have significantly dropped from Jan's nine-year high, which may reduce the further extreme reallocation away from USD.
Technical:
- USDCHF bounced after reaching the support cluster of 0.8770-0.8800, which coincides with the 100% Fibonacci Extension. The price is below both EMAs, indicating persistent bearish momentum.
- If USDCHF remains above the support area of 0.8770-0.8800, the price may retest the resistance area of 0.8900-0.8915.
- On the contrary, a closing below 0.8770 may prompt a continuous decline to retest the following support area of 0.8617-0.8650, confluence with the 161.8% Fibonacci Extension.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
USDCHF H1 | Bullish Bounce Off Based on the H1 chart analysis, the price is falling toward our buy entry level at 0.8815, a pullback support.
Our take profit is set at 0.8855, a pullback resistance that aligns close to the 61.8% Fiboancci retracement.
The stop loss is placed at 0.8774, an overlap support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (fxcm.com/uk):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (fxcm.com/eu):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (fxcm.com/au):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at fxcm.com/au
Stratos Global LLC (fxcm.com/markets):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
UPDATE ON USD/CHF TRADEUSD/CHF 15M - As you can see price has recently traded down to set a higher low in this market round our entry point which is great as this low will soon be seen as protected, this is once the high it creates breaks the previous high.
I am confident with this trade to leave it running overnight, as I say once we break the last high set we should see that low set be protected and if price is to follow the laws of bullishness we shouldn't see price break the low set there, meaning our entry is safe.
This trade is currently running + 34 pips. (+ 2%) 2RR
A big well done to everyone who jumped in on this trade, please make sure you are taking partials and applying safety measures with the positions you are placing.
If you have any questions with regards to the analysis we have performed today or the trade itself then please drop me a message or comment below and I will get back to you asap!