UsdChfPrice has taken out lower lows.
Let’s wait for price to create lower high.
Then we should see new lower lows form.
USDCHF trade ideas
USDCHF**USDCHF:**
This week's forecast is for the price to rise to the top of the channel and reverse the trend to the bottom, where it will find a key level at 0.87458.
The Swiss central bank plans to cut interest rates
The Swiss central bank has been the first bank to cut interest rates and now, due to inflation control, it is expected that interest rates will be lowered for the consecutive time. As a result, this can weaken the Swiss franc.
From a technical point of view, USDCHF has formed a HEAD & SHOULDERS pattern in the one-hour time frame, and under the condition of maintaining the support of the NECK LINE in the range of 0.8833, it can rise to the 88.6% Fibo resistance at 0.8907.
Buy USD/CHF Triangle BreakoutThe USD/CHF pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent breakout from a Triangle Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position Above The Broken Trendline Of The Triangle After Confirmation. Ideally, This Would Be Around 0.8853
Target Levels:
1st Resistance – 0.8895
2nd Resistance – 0.8923
Stop-Loss: To manage risk, place a stop-loss order below 0.8790. This helps limit potential losses if the price falls back unexpectedly.
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USDCHF Is Moving Down Soon Be Ready To Catch Itthe price is creating very decent waves and also it will hit 71% fib level that will be at the same are of the trendline so putting a sell trade around this are will be great opportunities
USDCHFPair : USDCHF ( U.S Dollar / Swiss Franc )
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Break of Structure
RSI - Divergence
Bearish Channel as an Corrective Pattern in Short Time Frame
Fibonacci Level - 50.00%
USDCHF- SHORTI see price moving short after reaching an important fib levels. also at an important resistant level
sell - 0.8847
take profit- 0.8790
stop loss- 0.8899
USDCHF SELLSOverall a bearish market,if price respects resistance if not it will go to the next unmitigated 4hr zone above.
USD/CHF H4 | Rising into overlap resistanceUSD/CHF is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 0.8917 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.8988 which is a level that sits above a pullback resistance.
Take profit is at 0.802 which is a swing-low support.
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Short-Term Analysis (1-Hour Chart) USD/CHFVisit Fourtrades website for full market break down
Current Trend:
The USD/CHF pair is in an ascending channel, indicating a short-term bullish trend. The price is currently testing the upper boundary of this channel, near the resistance zone at around 0.8845.
Support and Resistance Levels:
Resistance: The next key resistance level is around 0.8860, which aligns with the upper boundary of the ascending channel.
Support: Immediate support is found near 0.8825, with a more significant support level around 0.8800.
Indicators:
The RSI is showing a slight bearish divergence, which may indicate a potential pullback or consolidation before the price attempts to break above the resistance zone.
A Quick Review Of USDCHF ChartLet's Look at USDCHF Chart in All Scales and Prepare for a Profitable Week, Good Luck With Your Trades :D
USDCHF Pattern FormationThis price has been forming a falling flag for the past few weeks which IMO it is a strong indicator of a long bullish momentum.
As for the now, the price seems to be at major market zone, at 0.883 - 0.885, hence we are waiting for;
1. If the price breaks out and closes above 0.886, the bullish momentum might continue.
2. If the price fails to break out of that zone, it will continue with the bearish momentum and completing the pattern where the target is 0.857
BUY ON USDCHFVery clear head and shoulders being formed on the 15 - 30 minute time frame. might be risky but i say buy
LOOKING FOR SHORTS ON THIS MARKETUSD/CHF 15M - This is a market I am looking to actually take part in very soon, especially now we have had the break of structure we wanted fractally. This gives us the confirmation that enough supply is in the market to see it trade lower.
From here I would like to see price pullback a little but up and into the last buy to sell region and from there I’ll be looking to trade price lower, giving us the ability to profit from the down move.
Prior to this we have seen price trade up and into areas of supply and break structure to the downside, doing this repeatedly as we go lower and lower on timeframes. This trade stems from a break in an area that was considered a Demand zone.
So what we are seeing now is price actually come to test this area before price goes on to trade us lower, this is a typical break and retest trade, the trade below is something we can look at taking...
USD/CHF - Daily AnalysisPrice is moving within a bearish channel. At the close of last week, price was retesting the broken 0.8840 level. Watch price how reacts here. There is potential for further downside. However, a daily close back above would suggest a false break.
Is USDCHF going down?!?Hello traders let's analyze USDCHF using Price action.
What we have here is a downtrend in which we want to join.
Marking out the lows of this trend we can see that we are retracing to the previous low, the level we are retracing to has shown significant value as indicated in the IMG.
Taking it further to 1H we can see a flag triangle pattern here which will tell us when to enter, it is very important to enter after a clear break and retest.
RETEST OF PREVIOUS HIGH
CHART PATTERN
USDCHFWith the weakening in CHF, a bullish movement is envisaged before the news on Friday, which may change the direction to the opposite side.
USDCHF SHORTAs the DXY continues to lose strength pairs like USDCHF will continue to move to the downside. I have observed a bearish triangle formation on the 2HR timeframe. Price has made its way back to a previous support zone. I believe it will act as a resistance and push the pair lower.
USD/CHF SELL IDEA4HR SELL IDEA
Price reacting to weekly demand zone
4hr supply zone and downtrend established
entry at 4hr order block for continuation to downside $
USDCHF Short on 15 m15 m picture is more clear. May be sold at the breakout. Refer 1 H for broader scenario.
USDCHF Bearish BiasMarket reached 382 level at 1 H leg and patterns are in the making for reversal. Be careful as last two legs were reversed at 618 level. 15 min should be consulted for deeper conversation with the chart.
Lingrid | USDCHF short from RESISTANCE zoneThe price perfectly fulfills my previous idea. FX:USDCHF has broken through key support levels and a range zone, which led to an impulsive leg down. Breaking the resistance zone suggests that the price may continue to decline. Given the current downtrend, I expect the price to either fall from this resistance or potentially enter a range, as the market has showed a lot of bearish movement recently. My target is the support level near 0.88050
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
USDCHF Is Approaching a decent resistanceHey Traders, in the coming week we are monitoring USDCHF for a selling opportunity around 0.88800 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.88800 support and resistance area.
Trade safe, Joe.
