Get started

Usdchfanalysis

USDCHF - LONG BIASHi Everyone, I have just entered a buy position in USDCHF to hold until next order block above on the 1H Timeframe. It does look like a rising wedge, but it has failed to break below recent support & order block around 0.964 area, so I think it needs to visit 0.9700 key level to grab more orders and then it will be ready for the next move. This trade has also the fundamentals in its side, which helps to increase the probability of hitting take profit. If you have another view, let me know in the comments below! Thanks, Gaspar_Trader
Long
by Gaspar_Trader
1
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. - There is a very high possibility that USDCHF will move up to the 0.9456 level. US CPI DATA is scheduled to be released today. It will definitely make USD PAIRS VOLATILE. Anyway, USDCHF price can go down to 0.88990 level after FED EVENT. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
1
USDCHF 4H: 15/12/2022 As you can see, price is in a deep discount, so we search for a good long position. Price had a bullish reaction to daily supply zone, we should wait and see if price go up from here or more downward move for collecting the liquidity under 0.915. I am bull in this chart and as always we should study price in a lower time frame for finding a good buy setup. 💡Wait for update! 🗓️15/12/2022 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
3