Get started

Usdchfbreakout

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
USDCHF | Perspective for the new weekIt is over 200pips in our direction since my last publication on this pair (see link below for reference purposes) as price respects and completes my Descending channel expectations; The USD/CHF is rose sharply on Friday and climbed to Fr0.89000, thereby hitting it's the highest level since Wednesday. The question now is "Are we at a new Demand zone anticipating a surge?" Well, Let's see as price response to this key zone @ Fr0.88800 in the coming week shall either support or disagree with this bias. Tendency: Uptrend ( Bullish ) Structure: Reversal pattern | Breakout | Supply & Demand Observation: i. The Bearish run that began in November 2020 appears to have found the bottom to make a new Demand zone. ii. The spring of a Bullish engulfing candle on Friday do has a piece of underlying information that needs further confirmation to make a decision on this pair. iii. In this regard, Patience is key as I shall be looking out for a correction into the Demand zone followed by engulfing candles that will support a rally. iv. It is also appropriate that we do not ignore the strong breakout of the bearish trendline as the price appears not to respect it anymore. v. A significant breakdown of Fr0.88600 might consider this setup invalid as we continue to look for candles that support a surge from Demand zone. Trading plan: BUY confirmation with a minimum potential profit of 140 pips. Risk/Reward : 1:5 Potential Duration: 2 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
USD/CHF BUY IDEAHey tradomaniacs, welcome to a new free trading-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation. USD/CHF: Daytrade-Preparation Market-Buy: 0,90940 Stop-Loss: 0,90680 Target 1: 0,91195 Target 2: 0,91350 Target 3: 0,91550 Stop-Loss: 26 pips Risk: 0,5% -1% Risk-Reward: 2,40 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
USDCHF | WEEKLY PERSPECTIVELast week kick-started on a Bullish note for the Greenback but later surrendered a major part of its early gains to the Swissy as it breaks down my Key level @ 0.93850. Even though it rallied back up from this Breakdown; price appears to be respecting the Bearish Trendline which has been holding since late May 2020. Tendency: Downtrend ( Bearish ) Structure: Breakout | Trendline Observation: i. Bearish Trendline - My line drawn over Lower highs explains the prevailing direction of price action and suggest a further Bearish bias. ii. Breakdown of my Key level @ 0.93850 mid-week (8th of July) reveals the underlining strength of the Sellers at this juncture which makes this zone a level to look out for in the coming week(s). Trading plan: SELL confirmation with a minimum potential profit of 160 pips. Risk/Reward: 1:3.5 Potential Duration: 5 to 14 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. NirvanaForex Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
USD/CHF technical analysis: Sell pressure Continue Touch 1.0030 USD/CHF is trading below the 50 and 100 SMAs suggesting a correction down in the medium term.USD/CHF is testing the 38.2 Fibonacci retracement from March low-April high. There is scope for further weakness to 1.0060 the 50% Fib retracement. Sellers have been relentless on Friday as the market is trying to break below 1.0100 level. A breach below it, would open the gates to 1.0080 and 1.0060 level. Immediate resistance is seen at 1.0120 and 1.0150 level. USDCHF H4 200 ma is here 1.0107 level so Market stable 1.0107 sell is continue and also break technical H4 channel time frame . Daily breakout technical channel target 1.0000 Level and 0.9960 level .
Short
by Saleh11