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Usdchfidea

SELL USDCHF??????We are now approaching a Weekly supply/sell zone starting at 0.975 where we had a huge sell off before. This is the first test/touch of this zone and given it has only taken 2 weeks to get back to this level from the last low we are highly likey to get a SELL off from here again. As you can see in the image above we have a small Daily SUPPLY/SELL zone between 0.975 -0.979 this is a good short SELL trade to target the 0.965 - 0.958 if this happens price may bounce back up well into the weekly zone then selling off heavily creating a new weekly low. I will look for short signals above 0.975 with a stop loss above 0.98 and profit target around 0.96 and long term SELL position will start positioning into a BIG position inside the zone to target a the long term weekly target starting at 0.93 this is the weekly zone were price took off from this year to cause the Yearly high we will go back down here. (SEE IMAGE BELOW) Hope you enjoyed this breakdown
Short
by TheFxAce
2
USDCHF long opportunityThere is a strong supply level around the entry setup. Another touch to the level might be a great chance to a good profit! reasonable responses to the dynamic support is another reason to improving the LONG idea. The level is valid until it's over SMA400 (Red line). ATTENTION: According to the the long-term back-tests (from 15 to 20 years) on different instruments, the W% of this setup is only around 25% to 30%! So the only way you can make money continuously out of this setup is risk and money management! the proper risk management for this setup is risking around 0.5% of your total trading capital as SL amount.
Long
by AliSignals
USD/CHF uptrend could face some resistance at this levelUSD/CHF is in a continuous uptrend for the last few days. However, price is reaching a key level where it could face some rejection. 0.9640 is an important level for both the bulls and bears. But, there is a likelihood of a price rejection at this level. My recommendation for traders is to wait for some bearish candlestick formation in this level. If bearish candlestick formation takes place, selling USDCHF@0.9640-0.9660 with SL above 0.97 and TP at 0.95 would be potential sell trade.
by YourLazyTrader
1
USDCHF analysis: a new downtrend is hereUSD/CHF fundamental analysis Switzerland's annual rate of inflation was 3.4% in July 2022, the same as in June. It was the highest inflation rate since October 1993, but it fell short of market expectations of a 3.5% increase. As a result, inflation remains well above the Swiss National Bank's 2% target, necessitating a steady pace of interest-rate hikes. The Swiss unemployment rate was 2% in July 2022, the same as in June and the lowest since November 2001.This indicates that the Swiss labour market momentum is strong and the economy is performing exceptionally well despite negative spillovers from the deteriorating economic outlook in the Eurozone. The SNB is expected to raise rates by 50 basis points again in September, marking the second half-point increase in a row and bringing the policy rate in positive territory for the first time since July 2011. The SNB is now also willing to allow the CHF to appreciate further in order to mitigate inflationary risks. US inflation rate has surprised to the downside in July (8.5% vs 8.7% expected). This led market participants to expect less aggressive hikes from the Federal Reserve. If this deceleration in U.S. inflation persists, the interest rate differential between the Federal Reserve and the Swiss National Bank (SNB) will narrow, thereby supporting the Franc. Global growth worries and rising gold prices may sustain demand for safe-haven and recession-hedging assets such as the Franc. USD/CHF technical analysis USD/CHF fell 6.5% from its highs in June. The turning point that determined the change in trend in USD/CHF was the double top bearish reversal pattern, with bearish divergences in the RSI and MACD. The 0.95-0.955 neckline support was initially tested in late June, whereupon the pair rebounded; however, it was successfully broken to the downside this week with an extension to 0.941. The pair is currently trading within a descending channel and has recently broken the 200-day moving average's dynamic support, which formed an important price floor during 2022. Moreover, the breakdown of the 61.8% Fibonacci retracement level (2022 high/low) is also noteworthy, supporting the trend reversal thesis. Now, the focus has shifted to 0.93 (78.6% Fibonacci and April 2022 support) A breach of this level could prompt USD/CHF to test the 0.915 (March support) and then 0.909-0.91 levels (2022 low). Idea written by Piero Cingari, forex and commodity analyst at Capital.com
by Capitalcom