Get started

Usdchfanalysis

USDCHF – Is a new downtrend underway? (double top in place)When all this happens on a daily chart, I am always interested. My chart is self-explanatory but I will just add that I am looking for a pull-back. That could happen at the round number 0.9000 or perhaps higher up around the 0.50 or 0.618 retracement area of the most recent down move. Initial target can be around 0.8900 or 0.8700. Recently, forex pairs have been rather choppy. Let’s see how this plays out. This is not a trade recommendation. Trading carries a high level of risk, so only trade with money you can afford to lose. Anything can happen in the markets at any time. Please use sound money and risk management in all your trades. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
Short
by Trading_Vista
8
USDCHF moving higher this week**Monthly Chart** USDCHF is moving within a range between a high of 0.92450 and a low of 0.83300 levels. Last month candles closed as MC candles around the relatively equal monthly high. The Pair is moving a range since April 2023. **Weekly Chart** Last week candle closed as a bearish candle. However, the close of the price at the mid-level of the move which as a strong reaction from the US NFP and Employment change announcements. It has also tested the weekly IPA of March 2024. In line with DXY analysis, we might see USDCHF move higher and break the weekly and monthly high around 0.9200 level. **Daily Chart** USDCHF broke the previous daily swing with a few pips and then resumed lower with last Friday's NFP news. If you look at the 4H time frame, the price formed a key reversal before the news and then pushed higher. For this week I will be looking a a retracement to at least 50% of IPA candle that formed with a confirmation as a key reversal pattern to take this pair higher. The next target will be around 0.92000 level and then 0.93000 level.
Long
by PropSignals
USDCHF - Short from bearish order block !!Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look only for short position. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.90000. Fundamental news: Next week on Wednesday (GMT+3) we have important news in USA, CPI and Interest Rate. Pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
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. 💌It is my honor to share your comments with me💌 🔎 DYOR 🗓️03/06/2024 💡Wait for the update!
Long
by VahidTradingCR
3
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
by itsbluemorpho
USD/CHF BUYING at .9036I have rules that I try to stick to when I'm trading but I'm also happy to break them if the conditions are right. Since early this morning the USD/CHF has sold off aggressively, encouraged by the weak(ish) Prelim GDP that came in 1.3% against 1.2% but it looks like the market was expecting better. The mood for USD BULLS wasn't lightened 90 minutes later when the Pending Home Sales missed by a distance coming in -7.7% against expected -1.1%. So all day we've seen USD/CHF sell off, so much so, that the RSI on H1 has been under 30 and even under 20 for some time. However. All BULL and BEAR runs must inevitably end at some time and it looks as if USD/CHF BEARS are reaching exhaustion and liquidating their SHORT trades. I'm in long which is somewhat jumping the gun I'll freely admit and although the ANdean Oscillator is mildly BULLISH on 1m and 5m time frames, we have no confirmation on 15m but I believe its going to happen. The last 5 candles on 15m have all been doji indecision candles and it would be a surprise if USD/CHF BEARS could drive the price further south from here and the path of least resistance is north. As we can get a tight STOP just under the low, and the reward is high, this is a trade worth taking. Target is unknown as this will depend on the price action if we see BUYERS step in from these levels.
Long
by forextraplaces