usdchf daily outlookit is going to complete a flag pattern after a clear upside move. so as the previous upside move, we can think that the next move could be upside after the valid breakout of this flag. I am not telling you guys to execute the market right now....wait for a valid breakout wait for better confirmation...then define your risk and then take the position.
note:- let's talk about the validity of a flag pattern. when you see the 4 touches on a flag pattern then it's going to be a valid pattern. another validity is a breakout. thank you
Usdchfforecast
USDCHF AnalysisHello traders I have conducted an analysis on USDCHF, as you can see the market has been on a down trend for the past few months and I think it will continue doing so as it showed huge rejection candle on the current zone so now this current zone will act as resistance as price showed before that this zone is valuable as it was acting as support in the past months. So now I will keep on looking for bearish trades until it reaches the last zone then I will look for buy opportunities. So what do you think traders on this one?
USD/CHF bulls eye move to 0.90The daily chart shows a nice bullish trend on the daily chart. A minor retracement has occurred at the cycle highs, although Thursday's bullish hammer found support at the 100-day EMA, 38.2% Fibonacci level and prior swing high.
RSI (2) is confirming the trend and RSI (14) is above 50 to show bullish momentum of the past three weeks.
Given the bullish trend structure and shallow retracement, the bias is for a bullish breakout and for prices to head towards the 0.9 handle, near a volume cluster from an older trend.
USDCHF: USD is calm and trading volume is lowThe dollar traded subdued in early European trading on Monday, with the US holiday keeping trading volume down as traders considered the possibility of an early interest rate cut by the Federal Reserve.
At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 102.242, at the start of the holiday. Martin Luther King Jr.
The U.S. producer price index unexpectedly fell in December, according to data released Friday, prompting traders to increase bets that the Federal Reserve will start cutting interest rates as early as this year.
According to the CME FedWatch tool, the market now indicates a 78% chance that the US central bank will begin easing interest rates in March, compared with a 68% chance a week ago.
The US data calendar is quiet this week, with the main focus on retail sales data due out on Wednesday. This will be closely watched for signs that consumer spending - the main driver of economic growth - remains resilient in the face of rising interest rates.
Retail sales are expected to increase 0.4% in December, after rising 0.3% in November.
Investors will also have the opportunity to hear from several Fed officials, including Fed Governor Christoper Waller as well as Atlanta Fed President Raphael Bostic and San Francisco Fed head Mary Daly.
7 Dimension Analysis For USDCHF 😇 7 Dimension Analysis
Time Frame: H4, D1
1️⃣ Swing Structure: Bearish on both time frames
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Corrective, indicating a nearly completed sideways move
🟢 Inducement: Liquidity sweep with a long wick candle
🟢 Decisional OB: Mitigated, resistance at CIP with a strong buildup post-breakout, indicating bearish strength in the area
🟢 Traps: Shakeout completed in this area (Arrows)
🟢 Time Frame Confluence: Daily and H4
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal with a triple top observed during this phase, forming a Consolidation Rectangle
🟢 CANDLE PATTERNS: Notable long wick, Open low/high pattern awaiting confirmation, and an already formed Tower Top
3️⃣ Volume
🟢 Fixed Range: Sell volume predominant in this area
🟢 Low Volume on Breakout: High volume in the purple rectangle area, but without updating Upside move. Expecting a sharp downward move.
4️⃣ Momentum RSI
🟢 Zone: Price in a wide bearish range
🟢 Range Shift: Bearish to sideways shift observed
🟢 Grandfather Father Son: A 6-star selling setup according to this RSI strategy, with an 80% probability
5️⃣ Volatility Bollinger Bands
🟢 Middle Band: No confirmation yet
🟢 Contraction: After an expansion move, the market is now in full contraction mode, making outside-of-the-band closing crucial
🟢 Squeeze Breakout: Anticipated
🟢 Walking on the Band: Awaiting
🟢 Headfake: Two observed
🟢 Band Puncher: Three times observed
(For those seeking to learn these concepts in a professional manner, feel free to send me a direct message.)
6️⃣ Strength According to ROC
🟢 Values: CHF 7.19 vs. USD -3.46
7️⃣ Sentiment
☑️ FIB Trigger Event: Done
☑️ Trend Line Breakout: Awaiting
💡 Decision: Sell
🚀 Entry: 0.8474
✋ Stop Loss: 0.8590
🎯 Take Profit: 0.8133
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
😊 Risk to Reward Ratio: 3
🕛 Expected Duration: 15 days
SUMMARY:
The analysis points toward a bearish sentiment, advocating for a sell decision. The entry is set at 0.8474, with a stop loss at 0.8590, take profit at 0.8133, and a risk-to-reward ratio of 3, expecting completion in approximately 15 days.
Will USDCHF breakout Tomorrow? (after US Inflation report)Will USDCHF breakout Tomorrow? (after US Inflation report)
USDCHF recently surpassed both its 50 and 100-hour moving averages, yet it remains confined within its 2024 trading range.
Fluctuations between risk-on and risk-off sentiments keep the pair moving between 0.84635 and 0.85294. Initially, bullish optimism followed comments from Atlanta Federal Reserve President Raphael Bostic, suggesting 2 potential interest rate cuts by the end of 2024. Additional news this week supporting the Swiss franc was the inflation rate in Switzerland rose to 1.7% in December 2023 from 1.4% in the previous month and above forecasts of 1.5%.
However, a recent shift towards risk aversion has led investors back to the US Dollar, however without creating a distinct market trend.
When will this non-trending market transition into a more trending market? Perhaps at the drop of the US inflation report tomorrow.
In the meantime, maintaining a bullish stance depends on the price staying above its elevated 100-hour moving average at 0.85100 and a break of the recent high at 0.8535 could instigate more buying momentum. A drop below this level could shift the bias towards neutrality.
USDCHF: Morgan Stanley: Fed will keep interest rates higher for Ellen Zentner, chief U.S. economist at Morgan Stanley, said:
"The Fed will cut interest rates this year."
But "the Fed can be patient and take its time."
Morgan Stanley expects the Fed to cut interest rates for the first time at its June meeting.
The Fed will keep interest rates stable for longer than the market expects.
But if that happens, there will be more cuts than expected.
The first rate cut of 25 basis points will take effect in June.
Subsequent rate cuts are expected to occur by 25 basis points at meetings in September, November, and December.
USDCHF H1, POSSIBLE SHORT from the RESISTANCEHello Traders!
This is my perspective for USDCHF H1. I see a strong resistance level, exactly at the same level we can see an Order Block (price 0.87500). I expect a retracement from that level until the new WL (weekly low).
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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#USDCHF: Swing trade loading! Patience Pays;)Hello Everyone,
hope you all are having a great weekend, quick update on #usdchf. Price have consolidated for couple of week due to low volume in the market. While Chf have been bullish over USD as chf is considered as one of the safe heaven currency index. In this uncertainty time investors have shown more interest toward chf and jpy, therefore tomorrows data will be crucial for this pair future.
Like and comment if you agree with the idea.
USDCHF 31/10Pair : USDCHF ( U.S Dollar / Swiss French )
Description :
Completed " 12345 " Impulsive Wave and Formed " Double Top " as an Corrective Pattern for Trend Reversal and it has Completed " A " Corrective Wave. It is Rejecting from S / R Level and Fibonacci Level 50.00% to complete its " B " Corrective Wave
Entry Precaution :
Wait until it Complete " b " Corrective Wave and Reject
Swiss Franc Rides High on Investor Flight to Safety?Investor flight to safety might provide a favorable outlook for the Swiss franc this week.
Swiss franc against the USD and GBP might be the most interesting considering the Fed and the Bank of England (BoE) hold their policy meetings this week, where they are both expected to keep rates exactly where they are. These pauses by the Fed and BoE might contrast too sharply with the Swiss National Bank (SNB), whose Vice-Chairman made some hawkish comments over the weekend, pushing back against expectations that the SNB is done with its rate hikes, and cause some rumblings in the USDCHF and GBPCHF.
Investor risk-aversion has already caused the Swiss franc to hit a high not seen since 2015 against the Euro. Euro Area inflation is also due this week, so this pair might also be appropriate to watch this week.
Regarding the Middle East conflict, latest developments have seen Israeli Prime Minister Benjamin Netanyahu deny they would agree to ceasefire, drawing parallels to US retaliation to the terrorist attacks of 9/11. In this way, we might expect drawn out conflict, and the desirability of the Swiss franc rising.
USDCHF Long Term selling Trading IdeaHello Traders
In This Chart USDCHF DAILY Forex Forecast By FOREX PLANET
today USDCHF 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
USDCHF Analysis 12Oct2023When there is a bullish trend in the market, there is a structure known as a "boss." Currently, the market is bearish, with the price penetrating the minor bearish area and heading towards the trendline. If the price manages to break through the trendline, it will confirm the two bearish trends. To find opportunities for long positions, you can draw a Fibonacci retracement and look for areas where the Fibo 0.5 and Fibo 0.236 levels intersect. These areas are quite interesting and can be used to search for long opportunities.
USDCHF 10/10 MoveUSDCHF
Description :
Bearish Channel in Long Time Frame as an Corrective Pattern with the Breakout of the Upper Trend Line. It has Formed Bullish Channel and Double Top as an Reversal Pattern to Complete the Retracement
Entry Precautions :
Wait till Rejection from the Demand Zone or Fibonacci Level - 61.80% with Strong Bullish Price Action