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Usd-chf

USDCHF:Potential Upsides as we approach the FOMCHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88400 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 088400 support and resistane area adding a fundamental layer, the last CPI and PPI both came hot and the labour market is solid, if Fed goes hawkish as anticipated we may see USDCHF breaking previous highs. Trade safe, Joe.
Long
by JoeChampion
Sell USDCHF Channel BreakoutThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This technical setup suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 0.8830, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 0.8798 and 0.8770. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 0.8855. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_FOREX_TRADING
1
USDCHF Struggling on the 1W MA50. Long-term bullish above it.The USDCHF pair is on very critical crossroads as for the past 5 weeks it has been testing the 1W MA50 (blue trend-line) but has so far failed to close a 1W candle above it. Going back to late September 2023, we can see that the 1W MA50 has been again tested for successive weeks, but again failed to close a candle above it. In fact the last time it did was back on the week of October 31 2022, which was during the previous Top on the Lower Highs trend-line of the 8-year Bearish Megaphone pattern. As a result, as long as the pair fails to close that weekly candle above the 1W MA50, we 'have' to stay bearish on the medium-term, targeting just above the 0.786 Fibonacci retracement level at 0.8500. If however we do get that 1W closing above the 1W MA50 delivered, we will turn bullish long-term, despite the presence of the Inner Lower Highs and the 1W MA200 (orange trend-line), as in early 2021, and target the top of the Bearish Megaphone at 0.97000. Notice that this scenario attracts stronger probabilities as the 1W RSI has been on a Bullish Divergence from oversold territory since the December 25 2023 Low. This Divergence is similar to the bottom formed on the January 04 2021 candle. Observe also how efficiently the Sine Waves have grasped the Tops and Bottoms of this Bearish Megaphone. Right now they show we are on a bottom formation. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USD CHFMy analysis on USD CHF, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3. Set and forget. Trade carefully, This is not financial advice, DYOR.
Short
by betimmavriqi
USDCHF AnalysisHello traders I have conducted an analysis on USDCHF, as you can see the market has been on a down trend for the past few months and I think it will continue doing so as it showed huge rejection candle on the current zone so now this current zone will act as resistance as price showed before that this zone is valuable as it was acting as support in the past months. So now I will keep on looking for bearish trades until it reaches the last zone then I will look for buy opportunities. So what do you think traders on this one?
Short
by dlaminisya
1
Buy USD/CHF Triangle BreakoutThe USD/CHF pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a triangle pattern. Key Points: Triangle Breakout: The price has been trading within a triangle pattern, characterized by converging trendlines. This pattern can be interpreted as a continuation of the prior trend or a potential reversal depending on the breakout direction. The recent break above the upper trendline signifies a potential bullish breakout. Buy Entry: Consider entering a long position around the current price of 0.8850, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the following levels: 0.8916: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point. 0.8953: This is achieved by adding the height of the triangle to the breakout point. These targets act as potential resistance zones that could see buying pressure. Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the triangle, ideally around 0.8830. This helps limit potential losses if the price unexpectedly reverses and breaks back downwards. Thank you
Long
by KABHI_FOREX_TRADING
5
Sell USDCHF Channel BreakoutThe USD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined channel pattern. Sell Entry: Consider entering a short position around the current price of 0.8827, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 0.8780 and 0.8751. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 0.8865. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
1
USDCHF Breakout and Potential RetraceHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88100 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.88100 support and resistance area. Adding a fundamental layer there is a contradictory between the inflation in the US and in Switzerland, Fed is concerned about the inflationary pressure and heading towards a rate hike meanwhile it's easing in Switzerland. Trade safe, Joe.
Long
by JoeChampion
Could we see a bounce off major support?Price is in a large ascending channel suggesting there might be bullish momentum pushing prices up. Our pivot is at 0.8822 which is a pullback support level - if price were to bounce from this level, we could see it rise towards the 1st resistance at 0.8877 which is a recent major swing high resistance. If price were to break the pivot, we could see it drop towards the 0.8777 support level which has seen prices bounce off multiple times in the past. Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
1
USDCHF to find buyers at current support?USDCHF - 24h expiry Levels close to the 50% pullback level of 0.8789 found buyers. Prices have reacted from 0.8742. The bullish engulfing candle on the 4 hour chart the positive for sentiment. We look to buy dips. Our outlook is bullish. We look to Buy at 0.8790 (stop at 0.8762) Our profit targets will be 0.8860 and 0.8875 Resistance: 0.8821 / 0.8838 / 0.8850 Support: 0.8790 / 0.8770 / 0.8742 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.
Long
by OANDA
Navigating USD/CHF: Dual Fundamental Forces at PlayHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around the 0.88000 zone. USDCHF is currently in an uptrend and approaching the critical 0.88000 support and resistance area. Now, let's dive into the fundamental analysis shaping this trade. On one hand, recent CPI data in the US has shown signs of strength, suggesting potential USD appreciation. The latest Consumer Price Index (CPI) figures indicate a robust performance, which could bolster the greenback's position against the Swiss franc. This upward pressure on the USD could provide support for USDCHF to maintain its upward trajectory. However, on the other hand, there's a contradictory fundamental factor to consider. In Switzerland, there are indications that inflationary pressures are easing. The easing inflation in Switzerland may lead to a scenario where the Swiss franc weakens against the USD, consequently pushing USDCHF higher. Despite the USD's potential strength fueled by CPI data, the easing inflation in Switzerland adds a contrasting dynamic to the equation. In summary, while strong CPI data in the US may support USD strength and USDCHF buying opportunities, the easing inflation in Switzerland introduces a counterbalancing factor that could also contribute to USDCHF upside potential. Traders should carefully weigh these conflicting fundamental dynamics alongside the technical analysis when making trading decisions. Trade safe, Joe.
Long
by JoeChampion
USDCHF Analysis: Divergent CPI Trends in the US and SwitzerlandGreetings, traders! In today's trading session, we are closely monitoring USDCHF for a potential buying opportunity around the 0.88020 zone. USDCHF has been exhibiting an uptrend and is currently undergoing a correction phase, approaching the trend at the 0.88020 support and resistance area. Recent Core CPI data from the United States has shown a notable increase, with the latest reading coming in at 0.4%, surpassing both the expected 0.3% and the previous 0.3% figures. This trend indicates a consistent upward trajectory in inflation, signaling potential economic strength. Considering this inflationary pressure, it is less likely that the Federal Reserve will implement rate cuts in the upcoming March meeting. The robust CPI data suggests a resilient economy, which could influence the Fed to maintain or adjust interest rates accordingly. In Switzerland, inflation has been slowing at a faster rate than anticipated. This deceleration in inflationary pressures indicates potential economic challenges and could prompt the Swiss National Bank (SNB) to reassess its monetary policy stance. A significant deviation from expected inflation metrics may lead the SNB to adjust its interest rate policies, which could impact the USDCHF pair. The contrasting CPI trends between the US and Switzerland play a crucial role in shaping monetary policy expectations. The stronger-than-expected inflation in the US diminishes the likelihood of rate cuts by the Federal Reserve in March. Conversely, the deceleration in inflation in Switzerland may prompt the SNB to reassess its monetary policy approach, potentially influencing the USDCHF pair. Trade safe and stay informed, Joe.
Long
by JoeChampion
3
USDCHF: Bullish extension on the 1D timeframe.USDCHF is technically bullish on the 1D timeframe (RSI = 60.467, MACD = 0.001, ADX = 44.050) as it has made a Channel Down bottom on December 29th 2023 and has since rebounded over the 1D MA50. Technically it is still halfway through the new bullish wave that should extend over the 1D MA200 at around +8.18% from the bottom. That falls a little under the 0.786 Fibonacci level and that's what we will use as target (TP = 0.9000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
USDCHF:Strong dollar macros and potential upsidesHey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.86900 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86900 support and resistance area. The Federal Reserve's recent cautionary stance, particularly the indication of no rate cuts in the near term, has the potential to bolster the US dollar against major currencies like the Swiss franc. This shift in sentiment towards a more hawkish Fed implies a stronger dollar, which historically correlates with higher USDCHF exchange rates. Investors tend to favor currencies associated with central banks that adopt tighter monetary policies, as they offer higher returns and lower inflation risks. Therefore, the Fed's reluctance to implement rate cuts in the immediate future could attract investors to the US dollar, leading to potential upside movements in USDCHF as traders adjust their positions in response to the evolving policy outlook. Trade safe, Joe.
Long
by JoeChampion
USDCHF: Capitalizing on Fed's March Rate Cut WarningHey Traders, in the coming week we are monitoring USDCHF for a buying opportunity around 0.86350 zone, USDCHF was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 0.86350 support and resistance area. While technically USDCHF shows signs of a potential buying opportunity around the 0.86350 zone, it's essential to consider recent fundamental developments. The Federal Reserve's recent announcement, indicating no plans for a rate cut in March, has influenced market sentiment towards the US dollar. This cautious stance from the Fed has implications for USDCHF, potentially bolstering the dollar's strength against the Swiss franc. Traders should keep a close eye on how this fundamental factor interacts with the technical setup to make informed trading decisions Trade safe, Joe.
Long
by JoeChampion
2
Sell USDCHF Channel BreakoutThe USD/CHF pair on the H1 chart exhibits a bearish signal suggesting a potential decline in the coming hours. A recent downside breakout from a descending channel pattern could offer a shorting opportunity. Key Points: Descending Channel Breakout: The price has been trending downwards within a channel defined by two falling lines, one for resistance and one for support. This indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price near 0.8620, offering an entry point close to the breakout level. Target Levels: Initial bearish targets lie at the support levels of 0.8540 and 0.8470, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the resistance line of the broken channel at 0.8700 Fundamental Updates : Stronger Swiss Franc: The Swiss Franc has been gaining strength recently due to its safe-haven appeal amidst global economic uncertainties and geopolitical tensions. This could put downward pressure on USD/CHF. Thank you
Short
by KABHI_FOREX_TRADING
3
USDCHF Watch: PCE Numbers and Fed Policy ImplicationsIn today's trading session, we are closely observing USDCHF for a potential selling opportunity around the 0.86500 zone. The latest release of the Personal Consumption Expenditures (PCE) data revealed an increase of 0.2%, slightly surpassing the previous 0.1% reading and meeting the forecast of 0.2%. However, when comparing this to the trend of recent months, where we've seen fluctuations between 0.1% and 0.3%, it indicates a relatively modest inflationary pressure. This moderate uptick in inflation might raise concerns about the Federal Reserve's upcoming monetary policy decisions, particularly as it deliberates on tapering its asset purchases and potential interest rate hikes. Traders are likely to scrutinize this data closely, as any indication of subdued inflation could weigh on the USD and cast doubt on the Fed's hawkish stance in the near term.
Short
by JoeChampion
2