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Usdchflong

USDCHF - Short pattern confirmed ✅Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we have the confirmation of SH + BOS + FVG pattern. Price firstly raided buy side liquidity with a stop hunt then broke the structure and reacted from imbalance (FVG). I expect bearish price action to the support zone. Fundamental news: Next week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
Will It Plunge Lower or Rally Back To 0.88 ??In the closing weeks of 2023, this pair experienced a significant sell off, plunging nearly 500 pips and breaking decisively below the September low. Reflecting on my July trade idea post, the market movement matched my expectations, though it did peak slightly higher than anticipated. So, what's next? As I mentioned back in July, following the rise above 0.88, the next downward phase is expected to target the 2015 depeg low. Pinpointing the exact level is somewhat challenging, as different brokers quote slightly varying figures. However, it's likely in the range of 0.80 to 0.83, with 0.83 seeming more probable. This is supported by lower timeframe analysis, where we've seen price repeatedly dip towards this level and then swiftly rebound - a classic sign of seller fatigue and buyers entering the fray. (refer to image below) I anticipate that the pair's next move will be a rebound towards the newly established Weekly SELL zone, which lies between 0.87 and 0.88. Similar to the July movement, this rally might even extend towards 0.89. Given that it's the first week of the year, I'm approaching this pair with extra caution. A swift drop below 0.83, or lower, is not off the table, especially considering the variance in brokers' 2015 depeg low levels. My plan of attack for this pair is wait for a drop back down towards 0.83 and then start build into a position taking signals of my TRFX indicator from the 4hr to 12hr timeframes. Target for this idea will be the Weekly Sell zone @ 0.87 to 0.88. Once there, I'll closely monitor price action to gauge market reaction at this pivotal level. This zone presents a prime opportunity for sellers to re-enter and drive the market down towards the substantial Monthly and Weekly Buy zones ranging between 0.80 - 0.70. Over the next year or so, I expect the pair to descend to these levels. But before that, a short-term rally to the aforementioned levels seems likely, followed by another significant drop, just as I outlined in my July post. Hope you found this interesting, and Happy New Year!
Long
by TheFxAce
17
USDCHF LONG 📈 Market Analysis - Buy Opportunity 📉 USDCHF has recently broken the top (lower high) area of the downtrend line in the 4-hour timeframe chart. 📊 Expectations: Anticipate the pair to re-test key support levels as highlighted in the attached chart. 📊 Trading Strategy: This trade is rooted in a blend of technical analysis and candlestick patterns. It's a long-term position, so ensure sufficient margin to manage market fluctuations. Implement 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.
Long
by Pro-Trading-Africa
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.
by BlackBull_Markets
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.
Long
by Chart_MasterPro
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. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
8
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
Long
by Trade_Hive_Signals
#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.
Long
by Setupsfx_
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.
Long
by pejman_zwin
3