Usdchflong
USDCHF - Look for a short ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I expect price to continue the retracement to fill the imbalance higher and then to react from institutional big figure 0.85000.
Fundamental news: Next week on Friday will be released NFP and Unemployment Rate in USA. News with a lot of impact.
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USDCHF - D1\H4USDCHF
D1 - Possible completion of the 5th wave structure, which may lead to the beginning of an upward movement to the levels of 0.88790 - 50% of the impulse at W1.
H4 - A 3-wave structure has been formed, which can lead to further upward movement, targets which can be seen at 0.86708. It is also worth considering fixation behind the trend line, confirmation of the continuation of the ascending structure.
What can you expect?
You can consider entering from these levels ~0.85741 with a target of 0.88790
If you use local movement, cancel if the price breaks the minimum of the 2nd wave - 0.85338. If you are considering a long-term forecast, cancel the idea when the minimum of the 1st wave is broken - 0.85078
Long - local
Target 0.85854 - 0.86115 - 0.86337 - 0.86708
Long
Target 0.86115 - 0.86708 - 0.87908 - 0.88790
USDCHF Bullish Divergence & Falling Wedge 4h TFUSDCHF shows bullish divergence with price action in falling wedge pattern at 4H TF. High probability of price touching the strong support line and bounce back to at least top trend line of wedge. Placed 3 TP's with SL under the trend line and Buy Stop at the support line. What you think? Will it work?
USDCHF - Short from premium zone ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short from premium zone. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
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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 is ready to Jump by Rounding Bottom Pattern🚀🏃♂️ USDCHF has been moving in the Descending channel for a long time, but USDCHF started to increase by hitting the 🟡 Price Reversal Zone(PRZ) 🟡and managed to form a Rounding Bottom Pattern .
🔔I expect USDCHF to move at least to the upper line of the descending channel and possibly break the descending channel as well.
U.S.Dollar/Swiss Franc ( USDCHF ) 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
USDCHF LONGThere are signs the Swiss Franc (CHF) is weakening across major pairs. Presentlyon the 4 hour charts we have signs of a reversal targewting the unmitigated supply at 0.907. We have two possible entry positions one represented by the liquidity (in blue) and one seated below the liquidity (conservative entry)
USD/CHF Buy
The USDCHF is currently rebounding from the lower low area of the ascending channel. A bullish flag has formed on the 4-hour timeframe, signaling potential upward movement.
📊 Expectations:
We anticipate the pair to re-test key support levels as highlighted in the attached chart.
📉 Trading Strategy:
This trade is based on a combination of technical analysis and candlestick patterns. These are long-term positions, so ensure you have sufficient margin to manage market fluctuations. Utilize proper risk management in line with your account size.
🚦 Trading Rules:
1️⃣ Rule 1: When the market hits Target 1, consider closing some positions or move your STOP LOSS to ENTRY price for safe trading.
2️⃣ Rule 2: After reaching Target 1, avoid placing new trades based on the same signal/alert.
3️⃣ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently wait for the next favorable trading opportunity.
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USDCHF: The USD "struggled" to regain the 103 markIn the first session of the week, the US dollar fell a further 0.18% to $103.23 on expectations that the US Federal Reserve could complete and begin raising interest rates. Onion cuttings will be taken in the first half of next year. At the time, the DXY index was heading for a monthly decline of more than 3%, its biggest decline since November 2022. At the same time, investors are awaiting a series of events and data this week that could determine the future direction of the market. interest rates around the world.
Just a day later, the dollar fell a further 0.47% to $102.73, as investors continued to predict growth in the world's biggest economy would start to slow. Once again, the market is starting to factor in a rate cut in the first half of next year. According to CME's FedWatch tool, U.S. interest rate futures show a 33% chance that the Fed will cut interest rates in March 2024.
The U.S. dollar "barely" rose 0.12% to $102.86 on Nov. 30 after newly released data showed the U.S. economy grew faster than originally reported in the third quarter. . Head. According to information from the U.S. Department of Commerce, U.S. gross domestic product (GDP) increased by 5.2%, faster than the previously reported 4.9%. This was the largest increase since the fourth quarter of 2021 and exceeded economists' expectations of 5%.
According to reports, US inflation remains moderate, but on the first trading day of December, the DXY index once again reached the 103 level (up 0.75% to 103.51 points). The increase in jobless claims in October and last week shows the labor market is slowing. Accordingly, US inflation, as measured by the Personal Consumption Expenditure Index (PCE), was flat in October after rising 0.4% in September. Moreover, the PCE index recorded an increase every year. In October it was 3.0%. Meanwhile, the state's new unemployment claims rose by 7,000 last week to 218,000.
USDCHF: USD price dropped sharply after news of private sector eThe dollar fell against a basket of currencies late last week on news of strong U.S. business results in November, while private-sector employment fell on expectations of a slowdown in the coming months. Fourth quarter.
Earlier, Michael Brown, market analyst at Trader S&P Global, recorded the US Composite PMI Production Index on Friday.
Specifically, the value for the month remained unchanged at 50.7, as a slight increase in service sector activity offset the decline in production. Values above 50 indicate private sector expansion. The lack of significant growth in orders led to companies laying off employees, and the survey's employment index fell from 51.3 to 49.7, the first decline since June 2020. During October.
Easing the labor market will help the Fed fight inflation. Jane Foley, senior currency strategist at Rabobank, said the economic data provided further evidence of cyclical weakness in the US.
The U.S. dollar index posted its weakest monthly performance in a year amid growing expectations that the Federal Reserve will complete its interest rate hike and potentially start cutting rates next year. There is. .
USDCHF forming a bottom.USDCHF - Intraday
Posted Mixed Daily results for the last 4 days.
A Doji style candle has been posted from the base.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
Bespoke support is located at 0.8825.
We look to buy dips.
We look to Buy at 0.8825 (stop at 0.8805)
Our profit targets will be 0.8875 and 0.8885
Resistance: 0.8850 / 0.8875 / 0.8900
Support: 0.8825 / 0.8817 / 0.8800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCHF: The US dollar rose on unemployment claims data, mixed The USD DXY index rose 0.30% to 103.90 as recent economic data and the Federal Reserve's minutes presented a complex scenario for investors to navigate. The increase came after the number of initial jobless claims was announced at 209,000, lower than expected. Despite this positive sign, investors are also considering a sharp decline in durable goods orders in October, down 5.4%.
The latest minutes from the Federal Open Market Committee (FOMC) show persistent concerns about inflation, suggesting that these concerns will influence future policy decisions. This led to a rise in U.S. Treasury yields across a range of maturities as investors digested mixed economic data. Looking ahead, market participants do not expect an interest rate hike in November. Instead, there are speculations that interest rates could be cut as early as March or May next year. This sentiment is reflected in the DXY technical analysis. The Relative Strength Index (RSI) remained unchanged near oversold conditions, which could indicate a resurgence of buying pressure. Meanwhile, the Moving Average Convergence Divergence (MACD) bar is still moving sideways in the red zone, indicating near-term bearish momentum.
Despite these mixed signals, the USD remains below the 20-day and 100-day SMAs (simple moving averages), but remains above the key 200-day SMA support. This position suggests that long-term bullish sentiment against the dollar may still exist despite the current bearish trend.
The dollar continues to assert its dominance in global finance, playing a central role in foreign exchange markets with a daily trading volume of more than $6.6 trillion, based on last year's data. This dominance highlights the currency's far-reaching influence and its resilience in the face of economic instability and changes in monetary policy.
USDCHF - Potential short ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: As I expected in my previous analysis price delivered bearish move. Now I wait for a retracement price to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.90000.
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USDCHF to break to the upside?USDCHF - 24h expiry
Bullish divergence can be seen on the daily (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Posted a Double Bottom formation.
Price action has posted a Doji candle and confirms a possible stall in the recent move.
Price action looks to be forming a bottom.
A higher correction is expected.
The bias is to break to the upside.
We look to Buy a break of 0.8905 (stop at 0.8877)
Our profit targets will be 0.8975 and 0.8995
Resistance: 0.8903 / 0.8950 / 0.8970
Support: 0.8875 / 0.8854 / 0.8830
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCHF → Trades near 0.8870FX:USDCHF lost more than 100 pips in the previous session, due to the downbeat US inflation data. The USD/CHF pair extends the losses, trading near 0.8870 during the European session on Wednesday.
A decisive break below the latter could push the USD/CHF pair to reach the support region near 0.8800 psychological level lined up with September’s low at 0.8795.
The technical indicators for the USD/CHF pair reveal a bearish outlook. The 14-day Relative Strength Index (RSI) below the 50 level indicates downward pressure, signaling a bearish momentum and reflecting a weaker market sentiment.
On the upside, the psychological level at 0.8900 appears as the immediate resistance, followed by the 23.6% Fibonacci retracement at 0.8922. A firm break above the level could inspire the USD/CHF pair to explore the next resistance around the 50-day Exponential Moving Average (EMA) at 0.8986.
Moreover, the Moving Average Convergence Divergence (MACD) line, although below the centerline, is positioned above the signal line. This suggests a somewhat tepid momentum in the USD/CHF pair, indicating a less pronounced bearish sentiment.