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Usdchfanalysis

USDCHF BEARISH Meets monthly Low and SupportTrend short Correction Bullish triangle confirmation signals further upside past 0.8900 USD/CHF picks up bids to prod the top line of a bullish chart formation. Upbeat RSI, clear bounce off 0.8870 double-bottom keeps USD/CHF buyers hopeful. Sellers need validation from 0.8880, buyers may aim for 0.8950 on confirming bullish triangle breakout. However, the pair’s upside beyond 0.8950 may find it difficult amid the likely overbought RSI (14) line around then. Additionally challenging the USD/CHF bulls above 0.8950 is the monthly high of near 0.8995, quickly followed by the 0.9000 psychological magnet. On the contrary, a one-week-old ascending trend line, close to 0.8880 at the latest, can act as short-term support in a case where the USD/CHF defies the latest triangle breakout by slipping back under 0.8915 level. Even so, the stated triangle’s lower line of around 0.8865 can challenge the pair bears before directing them to the monthly low of 0.8820 and the 0.8800 round figure.
Short
by DaveBrascoFX
7
USDCHF - Wait for a retracement ✅Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a strong bearish market structure, so I am looking for shorts. I wait price to make a retracement to fill one of the imbalance above and then to look for a short from that zone. Fundamental analysis: Next week we have important news on USD, on Wednesday will be released Intereset Rate, followed by FOMC Press Conference. If the result is positive for USD it will support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
Long-Term Support Breakout: Short-Term Buy Opportunity?This currency pair presents an intriguing opportunity as it breaks through the long-term monthly support. However, confirmation of this breakout will depend on the closing of the candle at the end of the month. On the weekly charts, the price briefly dipped below 0.86 before closing the week above it. This level holds significance as it aligns with the weekly close area from the 2015 depegging. So, what can we expect next? In the short term, considering the extreme oversold conditions on lower timeframes, I will be observing a potential retracement towards the monthly breakout area around 0.88. My strategy for this pair involves waiting for an early next week dip below 0.86, followed by a buy signal on my TRFX indicator on a chart ranging from 4-hour to 12-hour timeframes. The target will be around 0.88, with the stop set well below the recent low, possibly around 0.85. For the long term, our focus may shift towards targeting the depegging low or the monthly buy/demand zone, starting around 0.80. Personally, I'd prefer to see a pullback to 0.88 and evaluate the monthly candle close to confirm the legitimacy of the breakout. I will provide regular updates on the progress as we navigate this trade opportunity.
Long
by TheFxAce
18
Long Term Trading USDCHF IdeaHello Traders In This Chart USDCHF DAILY Forex Forecast By FOREX PLANET today nzdcad analysis 👆 🟢This Chart includes_ (UDCHF market update) 🟢What is The Next Opportunity on USDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
UsdChf- Important break. Don't try to catch a falling knife!!!UsdChf is in a downtrend, there is no question about this and, recently, after a small retrace to the upside contained in a bear flag, the pair dropped again to support. A break of this support followed 2 days ago and a huge drop yesterday. At this moment anything is possible and considering that usually UsdChf acts inverse as EurUsd, the fact that the latter is near 1.12 very important resistance could trigger a correction here also. But, and there is a VERY BIG BUT... In recent years, although UsdChf is the major and EurChf is the cross, fundamental reasons made EurChf the major and UsdChf the cross and, looking at the EurChf chart we see also here an important breakdown, and here also we could see a continuation to the downside: In conclusion: 1. UsdChf- Try to sell rallies and a good zone for this could be towards 0.88 2. EurChf- Recently broken support should act as resistance and traders could look for selling opportunities in that zone.
Short
by Mihai_Iacob
9
USDCHF Technical Analysis and Trade IdeaIn this video, we take a close look at the USD/CHF currency pair. We can see that it has been under pressure over the past week. It has reached a significant monthly and weekly support level, and we are searching for an opportunity if market conditions become favourable. In the video, we analyse the trend, price action, market structure, and a potential trade idea. As always, the information provided is for educational purposes only and should not be considered as financial advice.
Short
by fxtraderanthony
4