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 definitely a high possibility that USDCHF will go UP a little more and move to the 0.9462 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.
Usdchfforexsignal
#USDCHF-Is it the Beginning Of the Big Move??Happy Weekend Everyone, USDCHF everyone have been expecting a strong bullish momentum to continue and fills the LQ VOIDED area. However, USDCHF has not been easy to trade with specially in last four weeks, we have to take this into consideration, and enter with correct risk management!
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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.
USDCHFThis pair has formed an descending channel with a 3 touches which means its a valid channel
so now we're waiting for a candle to close above the third and last touch to confirm the change of direction
But personally I prefer to wait for a trendline retest after breakout to enter the trade with a better entry point
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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.
usdchf following trendline Usdchf
Untill Price under thats trendline i am expecting Sell Chf. Last Week positive data give a strength to price we see a bullish Rally but Trendline resistance again push the price down as we can see if in next week price again to thats zone will see a downside movement. as we can see dxy movement is not looking stronger as compared to the previous days.
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 definitely a high chance that USDCHF will go UP a little more and move to the 0.9343 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.
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.
USDCHF - CURRENT SITUATION#USDCHF
- At this point USDCHF is slightly UP. The reason for that is that 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, so the CHF is a bit WEAK.
- There is definitely a high chance that USDCHF will go UP a bit more and move to 0.9521 LEVEL. Anyway, the price of USDCHF can go down to 0.9000 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
USDCHF ShortTime Frame: 4H
Symbol: USDCHF
Entry: 0.96654
TP: 0.95484
SL: 0.97805
Bias: Short
The price pattern is displaying a bearish bias . If we consider the current price actions and the current dynamic trends at macro or micro level, one specific pattern is obvious and that is the upcoming selling opportunity. Considering the sentiment and overall directional bias , we can go for a short set up.