USDCHF**USDCHF:** This week's forecast will be for the price to fall to the bottom created last week for a retest to reverse the trend after.Shortby SpinnakerFX_LTD551
USD/CHF Bullish Setup: Harmonic Pattern & RSI Divergence AlignedThe USD/CHF pair is currently exhibiting a Bullish Bat Harmonic Pattern on the daily chart, which is aligned with a key support area. This setup suggests potential bullish momentum in the coming sessions, supported by multiple technical indicators. Harmonic Pattern Analysis: The Bullish Bat Harmonic Pattern is identified, signaling a potential reversal from the current downtrend. The pattern aligns perfectly with a significant support zone, increasing the probability of a bullish reversal. This convergence of harmonic patterns and key support areas often leads to a high-probability trade setup. Key Support and Rejection: The price has shown a strong rejection at the key support level of 0.85115, further solidifying the bullish outlook. The rejection at this level suggests that buyers are stepping in, preventing the price from falling further. This support level has historically acted as a pivotal zone for USD/CHF, adding credibility to the current bullish scenario. Bullish RSI Divergence: Adding further confluence to our bullish sentiment is the Bullish RSI Divergence observed on the daily timeframe. As price made lower lows, the RSI indicator formed higher lows, indicating a potential reversal in the trend. This divergence reinforces the likelihood of an upward movement in the USD/CHF pair. Trade Setup: Entry: 0.85115 Stop Loss: 0.83985 Take Profit Levels: TP-1: 0.86245 TP-2: 0.87375 TP-3: 0.88505 Conclusion: The confluence of the Bullish Bat Harmonic Pattern, key support level, and Bullish RSI Divergence provides a compelling case for entering a long position on USD/CHF. The outlined trade setup offers a favorable risk-to-reward ratio, with clear levels to manage the trade effectively. Traders should monitor price action around the entry point to confirm the bullish momentum before executing the trade. Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading in the forex market involves significant risk, and it is essential to conduct your own analysis before making any trading decisions.Longby trading_jupiter4
USDCHF BUY SIGNAL FALLING WEDGE PATTERNHere on Usdchf price has form a falling wedge and there is a high chance of moving up if line 0.86349 is broken so it expected to go for LONG and targeting profit should be around 0.90562 level . Use money managementLongby FrankFx142
USDCHF M30 I Bearish Drop Based on the M30 chart analysis, we can see that the price has just reacted off our sell entry at 0.8503, which is an overlap resistance. Our take profit will be at 0.8477, a support level. The stop loss will be placed at 0.8510, which is a multi-swing high resistance 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% 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, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% 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 Stratos Global LLC (www.fxcm.com): 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. Shortby FXCM4
Heading into 50% Fibonacci resistance?USD/CHF is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.8562 Why we like it: There is an overlap resistance that aligns with the 50% Fibonacci retracement. Stop loss: 0.8630 Why we like it: There is an overlap resistance level which is slightly above the 61.8% Fibonacci retracement. Take profit: 0.8445 Why we like it: There is an overlap support level. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.Shortby VantageMarkets4
USD/CHF: Jordan’s Final Moves as SNB Chief Switzerland's Consumer Price Index (CPI) for August is forecast to show a year-over-year increase of 1.2%, down from 1.3% in July. On a month-over-month basis, CPI is expected to rise by 0.1%, rebounding from the prior month’s 0.2% decline. The figures, due on Tuesday, come as Swiss National Bank (SNB) President Thomas Jordan recently acknowledged the challenges posed by the strong Swiss franc on the nation’s industry. Speculation is mounting over whether the central bank will respond with a 50-basis-point rate cut in September or intervene in the currency markets to ease pressures. Bear in mind, Jordan, who has steered the SNB for over a decade, will step down at the end of September 2024, marking the end of an era for Swiss monetary policy. On the daily chart, we can see that USDCHF broke the August low last week. The near-term resistance is possibly around 0.8590, by BlackBull_Markets3
UsdChf Long The upward movements in the DXY have finally started to push USD/CHF higher, albeit with a delay. Whether this move is a correction or a trend reversal will be determined by the non-farm payroll data to be released on Friday. Until the data is released, our first target is the intersection of the main trend channel and the 38.2% Fibonacci retracement zone. If this resistance is broken, we could see an increase towards the resistance at the intersection of the previous peak and the 50% Fibonacci retracement level. We will reassess the trend based on the non-farm payroll and hourly earnings data.Longby TradeAndMeApp228
USDCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)Shortby ShahedZare111
USDCHF outlookI am not trading USDCHF (I only trade GBPUSD), but I made an outlook of what to expect for the coming weeks. We confirmed a 30m bos which creates buying interest. Previous structure low is taken out so major liquidity is taken while mitigating from a strong demand. A break on the 1H TF would give more confluence although this has not happened yet. If price fails to break the 1H structure, a buy order can still be placed due to the fact that m30 is broken, with the intention to rise higher. Keep in mind that price always does whatever it wants, a liquditity run to the downside (before going up) is still possible as HTF is still bearish for me. Target: T.b.c. as this can be a swing trade Longby Ruben_Smits2
Possible move upWe are at a demand zone where I expect to see buyers overcoming sellersLongby Angelos_Trader0
USDCHF - Short Trade IdeaThis a short trade idea I have for the USDCHF. It is pretty straight-forward. Trade back into a Weekly iFVG and SIBI then move lower from there. First target is the immediate swing low, and the second target is the older low to the left. Entry somewhere in the gap, and stoploss above the high that entered the previous SIBI. Sometimes I feel as though I should make my analysis more complicated so it can get featured, but truth be told, there is nothing useful about having a complicated analysis. In terms of technical analysis, this is as accurate and simple as it gets. And usually if a trade is wrong, there is unanticipated news or the tides have turned and a trade in the opposite direction is warranted. - R2FShortby Road_2_Funded223
possible bearish movei am looking at a previous support and resistance level the market tested the resistance level at 0.85470 and went 900 pips short from this level that we are close to if history repeats this may be possible.Shortby cdfalletta2
usdchf buyi believe the market will bounce up from the bottom point of liquidity.Longby davidhillcombs0
USDCHF - Catch This 500pip Trade!USDCHF is currently in a 5 wave impulse. Elliott wave theory suggests that if wave 2 is a simple correction, it is likely that wave 4 will be somewhat complex. From the looks of things, we are seeing an expanded correction for wave 4. We are expecting wave C to complete at the local highs where we got the 0.5 fibonacci. Trade Idea: - Watch for wave C completion at the recent highs - Watch for a trend reversal via trendline break, BOS etc - once reversal is confirmed, enter with stops above correction or above wave 4 invalidation - Targets: 0.844 (300pips), 0.825 (500pips), Taper thereafter Goodluck and as always, trade safe! by WicktatorFX5539
Read The USDCHF Price Action Let's Read the USDCHF Market Price Actions and Decide to What gonna do in next days, Good Luck With Your Trades <309:11by FXSGNLS2
Why The Rise Of The $ Is Here-3 Points To DigestDid you hear about the infamous carry trade? this trade took a storm over the financial media. Honestly, i was shocked that people in the financial news networks know about this trade. - Did you know this always happens? In currency carry trades a common thing In fact that is why we have currency pairs - These currency pairs represent carry trades Basically, a carry trade is when BANKS borrow each other money using the Government - Bonds as collateral Why? - Because Government bonds produce cash flow. The problem comes when the value of this asset drops. - Imagine defaulting on a loan and taking back an asset that has no value This is what causes a market crash! - Remember: -Always use the dollar index -Dollar is the most powerful currency -The dollar is the one number #1 indicator in forex trading - My names are Lubosi Forex thank you for reading. - To learn more Rocket Boost this content So that i make a follow up lesson on the indicators above. Disclaimer: Trading is risky, please learn risk management and and profit-taking strategies. Longby lubosi1
BULLISH DIVERGENCE IN USDCHF, GOOD LONG OPPORTUNITYThe MACD showed bullish divergence in the daily chart, it's confirmed the wave 5 of C is over. I do believe the bottom has been formed as end of wave 5 of C, so now we are heading to the upside! Let's go! CHEERS!Longby steveivan227
USD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT Hello, Friends! USD-CHF uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 0.844 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/CHF pair. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals113
USD/CHF Rebounds from Yearly LowsUSD/CHF Rebounds from Yearly Lows The USD/CHF pair tested its yearly low slightly below 0.84100 yesterday but has since recovered to just above 0.84800 today. The bullish sentiment was supported by positive news about the U.S. economy—data released yesterday showed GDP growth for the second quarter at 3.0%, surpassing the expected 2.8%. Bulls may find further encouragement from events earlier this year when the head of the Swiss National Bank (SNB) warned that an excessively strong franc could pressure the country's economy. Following this, USD/CHF rose by more than 8% over four months. Technical analysis of the USD/CHF chart indicates that since June, the price has been forming a downward channel (shown in red). However, several factors may support a bullish reversal: → The price is near the lower boundary of a larger channel that began in 2022, which could act as support. → The RSI on the 4-hour chart not only shows a bullish divergence but also spiked above the 50 level after hovering near the lower boundary since 20 August. → Comparing the downward impulses A→B and C→D reveals that the first drop was more aggressive, while the second showed a less steep decline—signalling weakening selling pressure. There's also another bullish divergence between the lows at B and D. Given these factors, there's reason to believe that the median line of the current red downward channel is at risk of a bullish breakout, potentially paving the way for USD/CHF to move towards the upper boundary of the channel. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen119
USDCHF LongRSI Divergence + Break of Structure on USDCHF Daily ChartDescription: Trade Setup: Pair: USDCHF Timeframe: Daily (D1) Indicators Used: RSI (14), Candlestick Patterns Key Observations: RSI Divergence: A bullish RSI divergence was observed, indicating a potential reversal in the USDCHF pair. Break of Structure: The price broke above a key structure, suggesting a shift towards an upward trend. Oversold Condition: The RSI is in the oversold zone, indicating the market could be ready for a bullish correction. Inverted Hammer Candlestick: An inverted hammer formed at a critical support level, and the daily close above this candle confirmed potential bullish momentum. Trade Details: Entry Price: 0.8480 Stop-Loss: 0.8390 (90 pips) Take-Profit: 0.8740 (260 pips) Risk/Reward Ratio: 2.89 Trade Rationale: Entered a buy position at 0.8480 after confirming the bullish signals. The stop-loss is set at 0.8390, just below the inverted hammer’s low to minimize downside risk. Targeting a move towards 0.8740, which aligns with a previous resistance level, providing a favorable risk/reward ratio of approximately 2.89. Have a good trading day 🤑 Peace and LoveLongby SaliouFx1
USD/CHF extends decline near 0.8400The labels that are used are ment to draft and measure context to the price action involved and contain no rules-engaged notebook + applied-set up indicators, but an avoiding interference to use other rules-engaged software to enhance in general, regarding to the watchlist and trade plan that is relevant to trade-on Within a 100K account balance the split on trade & risk management = 1/10% - 1/20% margin as an execution range, to set up an order entry and select a per trade on average, to avoid any drawdown hit regarding to the stop loss & to execute risk on management specifics. Trail stop efforts are a focus of attention to the set up in general when volatile-price-action is involved, mainly because of the usage of an intraday-scalp-position tool on behalf on the trade plan in general Summary - USD/CHF extends its downside around 0.8405 in Thursday’s early European session - Fed’s dovish stance and escalating Middle East geopolitical tensions weigh on the pair - The Swiss ZEW Survey Expectations came in at -3.4% in August vs. 9.4% prior Key indicators on Trade Set Up in general; 1. Push Set Up 2. Range Set Up 3. Break & Retest Set Up Active Sessions on Relevant Range & Elemented Probabilities; * Asian(Ranging) - London(Upwards) - NYC(Downwards) * Weekend Crypto Session # TREND | TIME FRAME CONDUCTIVE | Daily Time Frame - General Trend - Measurement On Session * Signpost * Support & Resistance * Trade Area | Focus & Motion ahead # POSITION & Risk Reward | 15 Minutes Time Frame - Measurement On Session * Retracement | 0.5 & 0.618 * Extension | 0.88 & 1 Conclusion | Trade Plan Execution & Risk Management on Demand; USD/CHF: Overall Consensus | Neutralby jasper162311
USD/CHF Rebounds Following Test of January LowUSD/CHF trades to a fresh weekly high (0.8494) after testing the January low (0.8401). USD/CHF Rate Outlook USD/CHF appears to be defending the yearly range as it bounces back ahead of the December low (0.8333), with the rebound in the exchange rate pulling the Relative Strength Index (RSI) out of oversold territory. A break/close above the 0.8550 (78.6% Fibonacci extension) to 0.8590 (78.6% Fibonacci extension) region may push USD/CHF back towards 0.8700 (61.8% Fibonacci extension), with the next area of interest coming in around 0.8770 (61.8% Fibonacci extension) to 0.8800 (50% Fibonacci extension), which incorporates the monthly high (0.8788). However, failure to hold above January low (0.8401) brings the 0.8350 (100% Fibonacci extension) to 0.8360 (100% Fibonacci extension) region on the radar, with the next area of interest coming in around the December low (0.8333). --- Written by David Song, Strategist at FOREX.comby FOREXcom2