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Usdchfanalysis

USDCHFIn the daily time, following the price movement between the two ranges of 1.03198 and 0.87322 is the best choice. We are witnessing two harmonic class A and B patterns. Now, by completing the class B pattern in the range of 0.91791, we can expect a positive reaction and rise. Considering the fluctuation range between 0.90957 and 0.94330, we can see erosion and increase movements up to the range It had 0.94330. After its failure, which is very important, we have three targets in the ranges of 0.95508/0.96638/0.97835 according to the corrective Fibo and in the intersection with important ranges of pivot points. It is necessary to touch all of them. Does not exist . A scenario with a weak probability to break the range of 0.90957 and decrease further to the range of A and C of the previous trend can be considered to form a positive divergence and then start to climb.
Long
by maryammh
4
USDCHF Multi-time frame analysis This is a top-down analysis on USDCHF Monthly Chart Analysis: On the monthly chart, we can see that USDCHF has been in a downtrend since 2001 until 2011, where it formed a bottom and has been ranging since then. The range has been established between 0.8700 and 1.0300. The price action has been oscillating within this range for over a decade now, which suggests that the market is indecisive about the direction of the pair. Weekly Chart Analysis: On the weekly chart, we can see that USDCHF has been trading in a range for the last 5 years, with no clear direction. The range has been well-defined between 0.9400 and 1.0200. Within this range, we can see some minor trends on lower timeframes, but they are not strong enough to break the range boundaries. Daily Chart Analysis: On the daily chart, we can see that USDCHF has been oscillating within a narrower range between 0.9500 and 0.9900 for the last few months. We can observe some minor trends on this timeframe, but they are not strong enough to break the range boundaries. The recent price action has been choppy, with no clear direction. 4-Hour Chart Analysis: On the 4-hour chart, we can see some short-term trends within the range boundaries. The recent price action shows some bullish momentum as the price broke above the 0.9800 resistance level. However, the price is currently trading below the 0.9900 resistance level, which suggests that the market is still indecisive about the direction of the pair. Conclusion: USDCHF has been trading in a range for over a decade now, with no clear direction. Traders who are looking for a trending market may find it challenging to trade this pair. However, traders who are comfortable trading ranges can find some opportunities within the range boundaries on lower timeframes. Currently, the pair is showing some bullish momentum, but the market is still indecisive about the direction of the pair. Therefore, traders should be cautious and wait for a clear break of the range boundaries before taking any significant trading positions. If you find this enlightening, please like and comment below
by Popeson
usdchfIn the previous analysis, the expectation of the pattern in the range of 0.92521 was completed and the expectation of a decrease to the range of 0.92075, and in case of breaking the next range of 0.91607, we had the support pattern before the static of the B range, which was easily touched and gave an excellent support reaction. created We are witnessing the completion of an N pattern. We currently have the best conditions in the range between 0.92521 and 0.91607. Two scenarios can be expected: 1. Maintaining the support in the range of 0.92230, which can make an increase up to the range of 0.92521, the static resistance range D of the previous pattern. which is now in the role of a resistance, it will continue and in case of failure, it will grow up to 0.92953. 2. It cannot break the resistance of 0.92521 to 0.92709 and activate the reduction and ranges of 0.92075 and then 0.91607.
Short
by maryammh
USDCHF - CURRENT SITUATION#USDCHF - At this point, USDCHF is going down a bit. But with US PMI DATA and LABOR DATA being POSITIVE, USDCHF was BUY until last Friday. And FED UPDATES were very NEGATIVE. Hence, the CHF automatically rose against the USD in the previous days. Anyway, SWISS NATIONAL BANK has come out of NEGATIVE RATES. Anyway, RETAIL SALES POSITIVE came in US. - Currently, the MARKET is becoming RISK ON and USD is a bit WEAK because of that. Anyway, the FED MEETING is scheduled to be held today. Yesterday US CPI data was NEGATIVE. That's why USD was WEAK yesterday. - Definitely, there is a very high possibility that USDCHF will go UP a little more and move to the 0.9400 LEVEL. US CPI DATA is scheduled to be released today. It will definitely make USD PAIRS VOLATILE. Anyway, USDCHF price can go down to 0.8899 level after FED EVENT. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
#USDCHFCurrently, the best strategy is in the above wide range. In dealing with the resistance zone in the ceiling and creating a negative divergence of the two-peak bit, it is expected that by maintaining the support ranges of 0.92856 and 0.92709, it will decrease to the ranges of 0.92374 and 0.92245, which is based on the Fibo projection of 100 and 127, and in If they fail, we have an important pivot point area in the range of 0.92142 and the last stage can be expected in the range of 0.92075. The last 3 targets are inside the red box and there is already a fluctuating area where there is a possibility of conflict in this range. It is not necessary to touch all the targets.
Short
by maryammh
1