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Franc

USDCHF Macro outlook 2020.09.19USDCHF has been trading in a range between 0.9200 and 0.9000 since late July. when it retests the top of its range at 0.9200. Elsewhere, they are confident the pair will eventually break through 0.9000. The most important even of the day is the Fed’s report today. It definitely will add fresh volatility to the market. in particular, await the Fed to deliver the dovish statement with economic guidelines up to 2023. The central bank may leave rates at low levels during this period. Even though the recent US data comes better than expected, Fed’s chairman Jerome Powell should stay uncertain and pessimistic over the recovery. As a result, the US dollar may plummet amid the Fed’s pressure as well as USD/CHF. Let’s look at the 4-hour USD/CHF chart. If the pair test the Resistance of 0.91xx, it may fall deeper to the low of September 1 at 0.9010. In the opposite scenario, if the price manages to cross the high of September 10 at 0.917x-0.918xx , the way towards the next resistance of 0.92xx will be clear. Thanks as usual for keeping the feedback coming 👍 or 👎
Short
by Ridethemacro
CHF/USD Short Position after Confirmation of ResistanceHere on CHF we are seeing two major important points that can determine the direction of our next trade. First of all we see that the price is really close to a horizontal resistance. This can gives us a nice risk-reward for a short position. Second of all, we see the price is following a trend line (roughly, it's not perfect admittedly). We can use this trendline to understand when we need to exit our short position. Basically it means that the price is trending upwards, and we should be conservative with our positions. Don't hold it too long, and exit relatively early. That's why I drew the orange line to bounce at around 1.1017. All other information can be found on the chart. Good luck! Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
Short
by Trading-Guru
4
HUGE 371pip short on CADCHFToday I entered a huge huge 371pip short on CADCHF - with the reward risk ratio of 7.41. I'm looking for a break of the marked 4H structure and for it to retest and continue down to the desired target of 0.66215. I know a lot of people will say this is ambitious, and I agree - but I from an analysis that I'm following and have checked out. I feel that this is a great opportunity for a longterm short. Something I'll be keeping in mind would be the news coming from Canada on Wednesday - especially the CPI report which will certainly have some High Impact on the Pair. Please let me know your guys thoughts! *Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*
Short
by danieljamesfx
1
USDCHF This pair is very interesting as far as it shows kind of a crisis barometer, normally CHF is used as a safe haven so when something is going badly we can usually see an inverse situation when US dollar gain against almost everything but losses positions with Franc and Yen Two scenarios I'm getting prepared with USDCHF: 1. Yellow: here we can have some enlargement of a correction after the uptrend impulse in March, after which we would also looking for a reversal; 2. Green: so in the case the correction is already done, we would see a bullish movement. Personally, I will take the yellow scenario and let's see how it will work out.
Long
by EmilShakaryan