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U.S. Dollar / Swiss Franc

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USDCHF trade ideas

CHF/USD Trading Setup – Triple Bottom Reversal & Breakout Setup🔍 Overview of the Chart Setup The CHF/USD (Swiss Franc vs. U.S. Dollar) 1-hour timeframe chart reveals a classic Triple Bottom pattern, which is a well-known bullish reversal signal. This pattern indicates that sellers have attempted to break the support level three times but failed, suggesting a potential shift in momentum from bearish to bullish. Traders closely watch this structure as it often leads to a strong upward breakout once key resistance levels are breached. The current setup provides an excellent risk-to-reward trading opportunity, especially for those looking to capitalize on the breakout. 📊 Key Levels in the CHF/USD Chart 1️⃣ Support and Resistance Zones 🟢 Support Level (~1.1300 - 1.1280 Zone) This zone has been tested three times, confirming strong buying interest at this price level. The formation of long wicks on candlesticks signals strong demand and buyer dominance. A breakdown below this level would invalidate the bullish setup and may indicate a continuation of the bearish trend. 🔴 Resistance Level (~1.1415 - 1.1430 Zone) This level acts as a price ceiling, where previous bullish attempts were rejected. A break and retest above this zone would confirm the Triple Bottom breakout. 🎯 Target Level (~1.1457 Zone) The projected target is based on the height of the pattern, which is measured and added to the breakout point. This level aligns with previous price action zones and acts as a natural take-profit area for traders. 🚨 Stop-Loss Level (~1.1243 Zone) A stop-loss is placed below the support zone to protect against false breakouts or an invalidation of the pattern. 📉 Understanding the Triple Bottom Pattern The Triple Bottom is a strong bullish reversal formation that occurs at the end of a downtrend. It signals that sellers are exhausted, and buyers are gradually taking control. 🔹 Breakdown of the Triple Bottom Formation ✅ Bottom 1 (First Low) The first bottom forms when the price hits the support level and bounces back. Sellers are still active, so price declines again to test the same support zone. ✅ Bottom 2 (Second Low - Confirmation of Support) The second test of the support zone validates the demand area. Buyers step in again, pushing the price upward. The market still lacks enough momentum for a breakout, leading to a third retest. ✅ Bottom 3 (Final Low and Strong Rejection) The third bottom is crucial because it signals the last test of support before a breakout. The failure to break lower creates a higher probability of an upside move. 📌 Breakout Confirmation & Price Action Signals 🔵 The breakout is confirmed when: The price closes above the resistance zone (1.1415 - 1.1430) with strong momentum. Volume spikes during the breakout, indicating institutional buying interest. A successful retest of the resistance zone as new support further validates the trend reversal. If the breakout lacks volume or gets rejected, traders should be cautious of a fakeout or potential retracement. 📈 Trading Strategy & Execution Plan 🔹 Conservative Entry (Safe Approach) Enter after a confirmed breakout above 1.1415, ensuring a strong candle close above resistance. Look for a retest of the breakout level before entering the trade. 🔹 Aggressive Entry (Early Positioning) Enter near the third bottom (~1.1300 - 1.1320) with a tight stop-loss. Higher risk but better reward if the price moves upward without retesting. 🔹 Stop-Loss Placement Conservative traders: Place the stop-loss below the support zone (~1.1243). Aggressive traders: Place a tight stop below the recent swing low for better risk management. 📌 Profit Target Projection Take Profit Target: 1.1457, based on the height of the pattern. 📌 Risk-to-Reward Ratio Risk: ~60 pips (from entry to stop-loss). Reward: ~150 pips (from entry to target). Risk-to-Reward Ratio: 1:3, making it a high-probability trade. 📡 Additional Confirmation Indicators for Stronger Trade Setup 📊 1. Volume Analysis A spike in volume at the breakout level suggests strong buyer interest. Low volume on the breakout may indicate a potential fakeout. 📈 2. RSI (Relative Strength Index) Confirmation RSI should be above 50 and trending upward to confirm bullish momentum. If RSI is overbought (>70), watch for a pullback before entering the trade. 📉 3. Moving Averages Support If the 50-period or 200-period moving average supports the breakout level, it adds extra confirmation. A moving average crossover may further validate the trend reversal. 🔍 4. Beware of Fake Breakouts If the price briefly moves above resistance but fails to hold, it may be a bull trap. Always wait for a candle close above resistance and a potential retest before confirming the entry. 🛠️ Alternative Scenarios & Market Risks 🔺 Bullish Scenario (Breakout & Rally to Target) Price breaks above 1.1415, confirming a trend reversal. A retest of resistance as support gives additional buying confidence. Price reaches 1.1457 target before facing new resistance. 🔻 Bearish Scenario (Fakeout & Breakdown Below Support) Price fails to hold above resistance and falls back below support. A breakdown below 1.1243 invalidates the pattern, triggering a bearish continuation. Traders should cut losses quickly if the setup is invalidated. ⚠️ Fundamental Risks to Watch U.S. Dollar news events (FOMC, NFP, CPI reports) can increase volatility. Swiss economic data may impact CHF strength. Unexpected geopolitical events can influence currency movements. 🔎 Summary of the Trading Plan 📌 Trading Strategy Checklist ✅ Pattern: Triple Bottom (Bullish Reversal). ✅ Entry Strategy: Buy after breakout confirmation above 1.1415. ✅ Take Profit Target: 1.1457. ✅ Stop-Loss Level: Below 1.1243. ✅ Risk-to-Reward Ratio: 1:3 (High-Profit Potential with Proper Risk Management). 💡 Final Thought: This setup provides a high-probability bullish trade with strong technical confluence. However, always remain cautious of market news, economic reports, and sudden volatility that could influence price action. 🚀 Patience & discipline are key—wait for confirmation before entering! 📊
Long
by GoldMasterTrades
USDCHF: Bullish Outlook Explained 🇺🇸🇨🇭 USDCHF looks bullish after a test of the underlined blue support. The price formed a double bottom on that and broke its neckline on Friday. We see a positive bullish reaction to that after its retest. I think that the market will continue rising and reach at least 0.885 resistance. ❤️Please, support my work with like, thank you!❤️ I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Long
by VasilyTrader
2
USDCHF to continue in the downward move?USDCHF - 24h expiry Broken out of the channel formation to the downside. Our short term bias remains negative. Offers ample risk/reward to sell at the market. The weaker US dollar has boosted performance. 20 4hour EMA is at 0.8801. We look to Sell at 0.8799 (stop at 0.8839) Our profit targets will be 0.8701 and 0.8681 Resistance: 0.8777 / 0.8800 / 0.8818 Support: 0.8759 / 0.8740 / 0.8720 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
If you don't have DXY, keep an eye on USDCHF.Today we are waiting for the Federal Reserve interest rate decision, where the Bank is expected to keep the rates unchanged. However, it's the press conference, which we are more bothered about. Keep your eyes on TVC:DXY , but if you don't have MARKETSCOM:DOLLARINDEX , then MARKETSCOM:USDCHF will be just as good. Let's dig in. FX_IDC:USDCHF Let us know what you think in the comments below. Thank you. 74.2% 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. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK. Cryptocurrency CFDs and spread bets are restricted in the UK for all retail clients.
by Marketscom
USD/CHF 4-Hour Timeframe AnalysisUSD/CHF 4-Hour Timeframe Analysis The USD/CHF pair remains in a well-defined downtrend, forming a series of lower highs (LH) and lower lows (LL) on the 4-hour timeframe. Recently, the price broke below the 0.88100 minor key level, which has now turned into a resistance zone, reinforcing the bearish momentum. Following the breakdown, the market accumulated a significant volume of sell positions before initiating a liquidity hunt where price temporarily moved higher to trigger stop losses before resuming its downward trajectory. Currently, the pair is showing renewed selling pressure, and we are observing whether price will revisit the 0.88050 region for a minor pullback before continuing lower. Key Technical Levels Key Resistance: 0.88100 (Previous Support Turned Resistance) Observation Zone: 0.88050 (Potential Retest Area) Next Support Target: 0.87040 (Next Significant Support Level) Fundamental Insight: The Swiss franc (CHF) continues to strengthen, supported by the Swiss National Bank’s (SNB) shift in intervention strategy. Unlike 2023, where the SNB sold over 132.9 billion CHF in foreign currency, this year has seen a net purchase of 1.2 billion CHF, indicating confidence in its inflation management. The current inflation rate at 1.1% remains within the SNB’s comfort range, reducing the likelihood of further aggressive monetary policy adjustments. Traders are closely watching the SNB’s policy rate decision scheduled for release this week. The forecast suggests a potential rate cut from -0.50% to -0.25%, which could signal a slightly more accommodative stance by the SNB. However, the impact on CHF strength will depend on market expectations versus actual policy action. If the rate cut is confirmed, it could temporarily weaken CHF, providing short-term relief for USD/CHF. Conversely, if the SNB maintains a cautious approach, CHF may continue to gain strength, reinforcing the bearish technical outlook for USD/CHF. Meanwhile, the US dollar faces near-term headwinds amid uncertainty surrounding Federal Reserve policy expectations. The market remains cautious about potential rate cuts later in the year, limiting USD upside potential. 📌 Disclaimer: This analysis is for informational and educational purposes only and should not be considered financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult with a financial professional before making any investment decisions.
Short
by RebornFXTrader
USDCHFHello Traders! 👋 What are your thoughts on USDCHF? In the daily timeframe, USDCHF has broken a key support level, which has now turned into resistance. The pair is currently forming a pullback to the broken level, retesting it as resistance. We expect the price to complete its pullback to the broken level and then continue its decline toward the specified target. Will USD/CHF resume its downtrend after the pullback, or will buyers regain control? Share your thoughts below! Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
8
USDCHF...*USDCHF Trade Analysis & Evaluation* *1. Trade Setup Overview:* - *Entry Condition:* Buy signal triggered if USDCHF consolidates above *0.8815* and the 50-period Moving Average (MA50), suggesting a bullish breakout. - *Targets:* - *Target 1:* Likely typo; assumed corrected to *0.8860* (45 pips above entry). - *Target 2:* *0.9145* (330 pips above entry). - *Key Levels:* Trend line resistance break, MA50 dynamic support. --- *2. Technical Analysis:* - *Trend Line Breakout:* A breakout above a descending trend line indicates potential bullish reversal. Consolidation above confirms strength. - *MA50 Role:* MA50 acting as support post-breakout adds bullish confirmation. - *Momentum Indicators:* Check RSI (above 50) and MACD (bullish crossover) to validate upward momentum. - *Volume:* Rising volume during breakout increases validity. --- *3. Target Rationale (Adjusted):* - *Target 1 (0.8860):* Near-term resistance level or 1:1 risk-reward ratio. - *Target 2 (0.9145):* Longer-term resistance, aligning with a measured move or swing high. --- *4. Risk Management:* - *Stop Loss:* Place below *0.8795* (20 pips below entry), ensuring a 1:2.25 risk-reward ratio for Target 1. - *False Breakout Risk:* A close below MA50/0.8815 invalidates the setup. --- *5. Fundamental Considerations:* - *USD Drivers:* Fed rate policy, US economic data (e.g., NFP, CPI). - *CHF Factors:* SNB interventions, safe-haven flows (geopolitical risks). --- *6. Conclusion:* The trade is valid *if* the price sustains above 0.8815/MA50 with bullish momentum. Adjust Target 1 to *0.8860* to reflect logical profit-taking. Target 2 remains ambitious but feasible in a strong trend. Monitor fundamentals for USD strength/CHF weakness catalysts. *👉 Action:* Wait for confirmed close above 0.8815/MA50, set stop loss at 0.8795, and trail profits if momentum holds.
Long
by Algo_Trading_Mql5
USD/CHF Market Analysis – Potential Bullish ReversalThe USD/CHF pair is currently in a downtrend, as indicated by the overall bearish price action. However, the chart suggests a potential reversal scenario. Price is approaching a key H4 demand zone, which previously acted as strong support. If this level holds, a bullish move could be anticipated. The projected market structure indicates a possible pullback before a continuation upwards, aligning with the larger trend shift. Traders should monitor price reaction within the demand zone, as a break below could indicate further downside continuation, while a strong rejection may confirm a bullish reversal.
Long
by BeaucoupPips
4
UC update correctionRecent U.S. economic releases—covering robust manufacturing, employment figures, and other key indicators—suggest solid economic momentum. Meanwhile, Swiss data tends to be more cautious, partly due to safe‑haven demand and a more conservative economic outlook. This divergence supports a stronger U.S. dollar relative to the Swiss franc. The latest COT report indicates that large speculators are either increasing their net-long positions in U.S. dollar futures or reducing their short exposure relative to CHF. Such positioning reinforces the bullish bias on the dollar against the franc. In combination, these factors suggest that USD/CHF is likely to trend higher in the coming days as the strong U.S. fundamentals and favorable institutional positioning push the pair upward. Expecting a bullish move from this pair
Long
by D_Virtual
USD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT Hello, Friends! USD/CHF is making a bullish rebound on the 3H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.878 level. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. ✅LIKE AND COMMENT MY IDEAS✅
Short
by EliteTradingSignals
1
USD/CHF: Bearish Continuation Towards Key SupportUSD/CHF has maintained a strong bearish trend, forming a series of lower highs and lower lows. The chart highlights a **Deep Crab** harmonic pattern, which previously triggered a corrective move before resuming its overall downtrend. Currently, price action is trading near **0.8767**, approaching a key support zone at **0.8722** (HOP level). The recent rejection from the **H4 supply zone** around **0.8920** further confirms bearish momentum, suggesting sellers remain in control. **Key Considerations:** - A breakdown below **0.8722** could accelerate further downside, extending losses towards lower psychological levels. - A potential pullback may occur if buyers step in at support, but the overall bearish structure remains intact unless a significant reversal signal appears. **Conclusion:** USD/CHF remains under bearish pressure, with a high probability of further declines. Traders should monitor price action at support for potential continuation or reversal signals before committing to new positions.
Long
by BeaucoupPips
1