Usdchf!
USD/CHF to lead DXY higher, AUD/USD, EUR/USD lower?Our bias is for the US dollar index to rise to 105 over the near-term. The daily chart respected trend support from the December low, and the 4-hour chart shows a small ascending triangle which implies a break above resistance.
Out of the FX majors, USD/CHF looks ready to break above resistance and lead the dollar broadly higher. Bears could also consider a short on AUD/USD on the assumption the high of RS (right shoulder) has been established, and seek a move down towards the neckline at a minimum. A break of which could see it head for the projected H&S target around 0.6580.
If the US dollar index goes higher, surely EUR/USD should move lower. Bears could enter short with a view to target the swing low around 1.0835 or the bullish trendline.
USDCHF - 4hrs ( Sell Trade Target Range 180 PIP ) ☑️Pair Name : USD/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🛡 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
⌛ Key Technical / Direction ( Short )
Type : Mid Term Swing
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🔗 Bearish Break
0.91000
reasons
- Major Turn level / D
- Visible Range Lvn
- Channel middle Band
- Day low Break
- week low Break
- Fibo Break Out / Golden
- Choch / Daily
- Head &Shoulder
🔗Bullish Reversal
0.89200 Area
Reasons
- Major Turn level
- Choch Zone
- Pattern Target
- Fibo 61.8 % mid wave
- Quarters area
USD/CHF BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
We are now examining the USD/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 0.904 level.
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USDCHF: First bearish then bullish... (Details on caption)Hello traders
By examining the USDCHF daily chart, we can determine that the chart is potentially bullish, but for this upward move, it is necessary to first clean the sell-side liquidity.
So, in my perspective the are two scenarios for price.
The first one is, that the price left the bearish FVG open and moved down from here to collect all the sell-side liquidity taps into the bullish FVG and then start the bullish move. In this scenario, the first target is bearish FVG (0.90692- 0.91109) and the buy side liquidity.
The second scenario is, that the price hits the bearish FVG and then starts the bullish move. In this scenario, the first target is a swing high that forms inside FVG and then buy-side liquidity.
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🗓️03/06/2024
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USDCHF H4 | Bearish reversal?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8989, which is a pullback resistance.
Our take profit will be at 0.8908, a pullback support level.
The stop loss will be placed at 0.9030, an overlap resistance level.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDCHF potential short 2R
Fondamental :
Traders priced a 25 points rate cut this year
Technical Analysis Based on the Chart :
The accompanying USD/CHF chart highlights a clear downtrend, reinforced by a break below a key support level at 0.90046. Key technical observations include:
Moving Averages: The 50-day Simple Moving Average (SMA) is at 0.9052, while the 200-day SMA is at 0.90878. The current price is below these moving averages, indicating sustained selling pressure.
Fibonacci Retracement: Fibonacci retracement levels show resistance at 0.90046 (50%) and 0.90357 (61.8%). These levels could act as potential reversal points if there is a corrective rebound.
Support and Resistance Levels: Immediate support is around 0.89552. A break below this level could lead to testing the lower support at 0.88776.
Market Sentiment: The Swiss franc, often viewed as a safe haven, may continue to gain against the USD amid geopolitical tensions and economic uncertainties, especially if the Federal Reserve's outlook remains unclear.
Swiss franc climbing, eyes Swiss inflationSwiss franc has extended its gains on Monday. USD/CHF is trading at 0.8961 in the North American session, down 0.68%.
The Swiss franc posted its strong weekly gain of the year last week, rising 1.35%. The Swissie jumped over 1% on Thursday after Swiss National Bank President Jordan hinted that the central bank could intervene in the currency markets in order to keep a lid on inflation.
Thomas’ comments gave a boost to the Swiss currency, which has sagged in 2024. Even with last week’s strong gains, however, the Swiss franc has plunged 7.1% against the US dollar. The Swiss franc weakened after the Swiss National Bank unexpectedly lowered interest rates in March. A weaker Swiss franc helped make Swiss exports more competitive on world markets, but the currency’s sharp descent may have become too much of a good thing, as it is feeding inflation and raising concerns at the central bank.
The Swiss franc’s downswing has had a strong impact on market expectations for a rate cut at the June 28th meeting. In early May, swap markets priced a 66% probability of a rate cut, which has fallen to around 40%. The SNB isn’t likely to make good on Jordan's threat to buy Swiss francs unless the currency continues to show a sharp depreciation, but last week’s jump shows how comments from central bankers can cause sharp swings in the currency markets.
Switzerland releases May CPI on Tuesday. This is the final economic release prior to the central bank’s rate meeting and could be a major factor in the SNB’s rate decision. Swiss CPI is expected to tick up to 0.4% m/m in May, compared to 0.3% in April.
USD/CHF is testing support 0.8966. Below, there is support at 0.8909
0.9061 and 0.9118 are the next resistance lines
USDCHF tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
USDCHF at Support LevelThis currency pair is at a support level. Prices had rejected that zone several times.
Although the structure looks like a head and shoulder pattern, the support level hasn't been broken yet therefore an opportunity to buy is the best choice.
The profit target should be the first resistance level.
DISCLAIMER
The signals provided by LeoFX are for informational purposes only and do not constitute investment advice. We do not guarantee the accuracy, completeness, or timeliness of the signals, and we are not responsible for any losses or damages arising from the use of our signals.
SELL TRADE SETUP ON USDCHFHey Trader,
Check out this analysis on USDCHF.
A long entry plan is best above the intraday support area (leading to the range continuation).
Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered.
Trade safe.
USDCHF H4 Bearish reversal?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.9030, which is a pullback resistance.
Our take profit will be at 0.8988, a swing-low support level close to 161.8% Fibo extension
The stop loss will be placed at 0.9070, an overlap resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDCHF WEEKLY ANALYSISHello, traders here is a setup of USDCHF as you can see the price has been in a bullish form for the past weeks and now it has reached a zone of resistance that has been tested multiple times in the past and the price started showing rejection signs from the resistance zone as you can see there are two bearish engulfments candle sticks and that is a sign that price can go down in any moment.
Bullish bounce off pullback support?USD/CHF is falling towards the pivot which has been identified as a pullback support and could bounce to the overlap resistance.
Pivot: 0.8988
1st Support: 0.8918
1st Resistance: 0.9094
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USDCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
USD/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
The BB upper band is nearby so USD-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 0.901.
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