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Chfshort

CADCHF Market Commentary | 1st Jan 2021 First of all I would like to wish to every one who reads this a good year with lots of success and happiness. Now let's get in our topic. CADCHF has not really recovered from the covid market crash, which indicates a slow but steady - yet predictable - direction. We are watching price moving in an ascending channel since the start of August. So for the time being we expect the same direction. With the help of Wave theory, a clean double combo is apparent enough. By using the wave principles and analyzing lower degrees of the movement (see charts below), a sharp bullish move is our best bet.
Long
by GeorgeZii
Short CHFSGDHi, This is the only forex pair I trade. Before the pandemic this pair was in a short run for a long term! Then the pandemic came and it went up for peaks. Makes sense, people see security in the Swiss dollar. The world is now familiar with the pandemic, business are evolving, countries are recovering etc. The panic of covid is not going to last long and in general prices will go slowly back to normal. Nevertheless, I think this pair will trade between the highlighted zones in the chart in the next months.
Short
by Ahluic
1
Swiss Franc(CHF) to fall ahead! With ECB committed to ease in September, pressure is increasing on SNB to further cut rates towards minus 1 percent from current minus 0.75%. CHF has appreciated considerably as a safe haven move recently making higher possibility of intervention by SNB. chart structure has started to favor fall in Swiss franc in coming weeks. Further looking at SMI 20 strong bounces on dip support that franc is going down by SNB actions ahead. It makes high interest rate currencies good buy against chf... USDCHF, CADCHF, AUDCHF, NZDCHF and GBPCHF may remain bid and shall be accumulated on dips for solid gains in coming weeks.
Long
by Bitbloxx
CHF futures looking like it wants to dumpTo me it looks like CHF want to go and fill in that big gap just like the EUR already did. Reasons for it to back up this idea: - Well Gaps like to be filled most of the time - HTF Bearish MS now testing the 4h -OB - You say they ran stops above that 4h ob tight before we dumped so that is bearish - Stops ran on the 1h double top (you would see it better on the 15 chart) Imo you could short it now already but if you want extra confirmation like i am. Then i would wait for it to get a close under that 1h ob that will become breaker once we close under it. ( yes i put breaker in the chart but right now its still just a 1h ob but i fully expect it to become a breaker soon) So when trading under that level i will be looking at all the CHF pairs for short ideas
SShort
by Civel
1
EURCHF poised to push higher...Here we are remaining with our long bias, a view that has been with us since 2018. => Fundamentally, the SNB increasing in deposits suggests that the SNB have likely been keeping the EURCHF supported whilst volatility was on the move. President Jordan notably mentioned that the SNB is growing more concerned with market vol and the impact it is having on the CHF. => Here we can see the divergence implied from the options market and would suggest that EURCHF has room to correct higher. Those following our ideas already know we see the EURUSD breaking down and this will increase European volatility but we don't see this being enough to put upward pressure on CHF. I would also encourage you to check the USDCHF idea attached for a more detailed technical breakdown on CHF. Thanks and best of luck.
Long
by ridethepig