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USDCHF (US Dollars/Swiss Franc) Currencies Analysis 26/04/2022 Fundamental Analysis: NUMBER OF TRADERS NET-SHORT HAS INCREASED BY 5.22% FROM LAST WEEK. SYMBOL TRADING BIAS NET-LONG% NET-SHORT% CHANGE IN LONGS CHANGE IN SHORTS CHANGE IN OI USD/CHF BEARISH 49.71% 50.29% 4.44% Daily -10.07% Weekly 15.93% Daily 5.22% Weekly 9.92% Daily -2.98% Weekly USD/CHF: Retail trader data shows 49.71% of traders are net-long with the ratio of traders short to long at 1.01 to 1. In fact, traders have remained net-short since Mar 18 when USD/CHF traded near 0.93, price has moved 2.82% higher since then. The number of traders net-long is 4.44% higher than yesterday and 10.07% lower from last week, while the number of traders net-short is 15.93% higher than yesterday and 5.22% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-short suggests USD/CHF prices may continue to rise. Our data shows traders are now net-short USD/CHF for the first time since Mar 18, 2022 when USD/CHF traded near 0.93. Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CHF-bullish contrarian trading bias. Technical Analysis: We can clearly see that the Bearish Divergence of Price and MACD has Started Forming in 6H time frame and it is one of the biggest signs that the bullish Trend is reversing and we can see some Price Correction on this Forex Instrument. we have defined 3 Targets using the Fibonacci Retracement Tools which we have forecasted the Price to fall. please check the Forecast
Short
by BitonGroup
2
USDCHF Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.9825. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=0.9865. TP4: R2=0.9905. Set the stoploss of these orders at breakout of S2=0.9805. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=0.9805. In this situation, there is an expectation to reach the target S3=0.973. Set the stoploss of reverse orders at breakout of S1=0.9825. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity
2
USDCHF Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=1.0105. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=1.0065. TP4: S2=1.0045. Set the stoploss of these orders at breakout of R2=1.0115. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=1.0115. In this situation, there is an expectation to reach the target R3=1.018. Set the stoploss of reverse orders at breakout of R1=1.0105. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity
2
USDCHF Big Picture ViewUSDCHF is currently trading in a big corrective structure where I expect the 5th wave to the top of the structure to complete before we see a break to the downside. Smaller time frames show that there is the possibility of one more small move down before we see a break of the current flag formation to the upside to complete wave 5 on the bigger picture. I will post analysis on the smaller time frame in a separate idea. Direct message me for any assistance required Cheers Linton
Long
by Linton_White