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Usdchfanalysis

USDCHF → Bears regain controlThe FX:USDCHF plunged sharply on Tuesday, more than 1.40%, with the pair dropping to new two-month lows of 0.8879 after hitting a daily high of 0.9027, sponsored by soft US economic data. At the time of writing, the pair trades at 0.8883, down 0.07% as Wednesday’s Asian session begins. The daily chart portrays the pair with a bearish bias. The USD/CHF drop below the 200-day moving average (DMA) at 0.8994 accelerated the downtrend, which witnessed a break of the latest cycle low seen on October 24 at 0.8887. Downside risks remain if USD/CHF tumbles toward the August 30 swing low of 0.8745, ahead of testing the 0.8700. For a bullish resumption, USD/CHF buyers must reclaim 0.8900 to remain hopeful of lifting prices toward the 200-DMA at 0.8993, ahead of the 0.9000 figure. A breach of the latter, the next resistance will be the November 13 high at 0.9052.
Short
by tradingconmike
USDCHF - Bearish price action ✅Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for a short position. I expect bearish price action from here as price almost filled the imbalance and rejected from that zone. My target is sell side liquidity around 0.89500. Fundamental news: Next week on Tuesday will be released monthly and yearly CPI in USA, as well on Wednesday will be released monthly PPI and Retail Sales. News with impact on USD, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
JPMorgan: In the future, CHF might be "more expensive"JPMorgan: In the future, CHF might be "more expensive" Although there are obstacles that could hinder the franc's ascent, they don't seem to be halting it as of now. Furthermore, even if the currency has witnessed the largest short-selling bets in the past two years as the surge continues, any increases in Middle East tensions or central bank action might drive up the price of the currency. Following the October 7 Hamas attack on Israel, Andreas Koenig, head of global currency management at Amundi, changed his position on the franc from negative to neutral, saying that "it would be a mistake to undervalue it in the current situation." "It was not our intention to escalate the ongoing confrontation
Long
by Chart_MasterPro
USD/CHF Sell Opportunity - Swing Trade - 0.90000 Key ResistanceI have just taken a sell position on USD/CHF expecting some strong selling pressure over the next coming weeks. From a technical perspective we can see price has come into 0.90000 level which is a key area of daily / weekly resistance where in the past the market has reacted to favourably. I am expecting again a strong reaction from this area. I will not be going into the entry confirmation for this trade. Stoploss is going to be at the high of the current daily candle. Targets have been outlined within the screenshot provided.
Short
by FXEntries
USDCHF: Fed officials want to continue assessing the yield Several hawkish Fed policymakers spoke on Tuesday, saying that the tightening of financial conditions since July (10-year Treasury yields have risen more than 100 basis points) is likely to affect the economy, although it will take some time to become apparent. It was suggested that it may have a debilitating effect. Is this sustainable? "We've seen some encouraging progress on inflation, but it remains too high," Dallas Fed President Laurie Logan said at a news conference in Kansas City. The key question for me is whether the fiscal situation we find ourselves in is restrictive enough to raise inflation to 2% in a timely and sustainable manner. ” Fed Governor Christopher Waller said in a speech in St. Louis that the rate hike was a "shock" to the bond market, but another board member, Michelle Bowman, told the Ohio Bankers Federation that officials said it was too early to know the full story. The effects of this "shock". Officials last week kept interest rates unchanged for two consecutive days at 5.25-5.5%, the highest level in 22 years. Federal Reserve Chairman Jerome Powell has suggested that there is no longer a need to raise interest rates, arguing that rising yields will cool the economy. Since then, yields have fallen slightly as investors remain optimistic that the Fed is done tightening.
Short
by Chart_MasterPro
4
USDCHF: 07/11/2023: Looks Bearish Well, as you can see, the price dropped after sweeping the liquidity and creating a valid order block. On the other hand, the price broke the previous low and shifted the market structure so now we searching for sell. There is a breaker block that the price entered into, if the price can break this breaker block we can expect to move higher to the bearish order block, and then with LTF confirmation, we can execute the sell position. 💡Wait for the update! 🗓07/11/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
3
USDCHF: The USD fell on hopes that the Fed would stop raising inAs traders reinforced their wagers that the Fed would stop hiking interest rates, the USD index and dollar index futures both dropped 0.5% in Asian trading, prolonging losses from the previous day. Chairman Jerome Powell adopted a less hawkish posture than markets had anticipated by admitting that monetary conditions had tightened somewhat in recent months, even as the Fed maintained interest rates unchanged as anticipated. That. Powell does not completely rule out raising interest rates one more time. But the market saw his remarks as a signal that the Fed will no longer be raising interest rates and will probably be cutting them by the middle of 2024. However, rates are predicted to stay over 5% until at least the end of 2024, even if the Fed decides not to raise rates any further. This implies a constrained upside.
Long
by TrategySherpa
USDCHF: The market waits for the announcement of US government Due to investor demands for compensation for interest rate and geopolitical risks, as well as worries about oversupply as the Fed tightens monetary policy, both the bond and equity markets are volatile. Because of this, the market will be much more interested in the capital mobilization announcement on November 1st, including details about the scope and duration of the bond bidding. According to Josh Emanuel, chief investment officer at Wilshire, "the cause of volatility in bond yields is the imbalance between supply and demand in the market today." While some believe that Fed communications are less significant than issues, I believe that both are crucial.
Long
by TrategySherpa
USDCHF: The Federal Reserve meets this weekThe US dollar has recently strengthened on signs of US economic strength, even after a long period of interest rate hikes by the Federal Reserve. US consumer spending soared in September, while the US economy grew at its fastest pace in nearly two years in the third quarter. Fed policymakers will meet this week, with the central bank expected to leave interest rates unchanged when the decision is announced on Wednesday. However, traders are concerned that these strong numbers mean they portend higher interest rates for longer as they continue to worry about overheating inflation.
Long
by TrategySherpa
Swiss Franc Rides High on Investor Flight to Safety?Investor flight to safety might provide a favorable outlook for the Swiss franc this week. Swiss franc against the USD and GBP might be the most interesting considering the Fed and the Bank of England (BoE) hold their policy meetings this week, where they are both expected to keep rates exactly where they are. These pauses by the Fed and BoE might contrast too sharply with the Swiss National Bank (SNB), whose Vice-Chairman made some hawkish comments over the weekend, pushing back against expectations that the SNB is done with its rate hikes, and cause some rumblings in the USDCHF and GBPCHF. Investor risk-aversion has already caused the Swiss franc to hit a high not seen since 2015 against the Euro. Euro Area inflation is also due this week, so this pair might also be appropriate to watch this week. Regarding the Middle East conflict, latest developments have seen Israeli Prime Minister Benjamin Netanyahu deny they would agree to ceasefire, drawing parallels to US retaliation to the terrorist attacks of 9/11. In this way, we might expect drawn out conflict, and the desirability of the Swiss franc rising.
by BlackBull_Markets
9