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Usdchfprediction

The fall was quite obvious in USD/CHF, how to trade it now?Dear traders, if you have been following USD/CHF , then you have certainly anticipated the fall in this pair. The interest rate hike by SNB just gave the much-needed impetus to this rapid fall. In fact, other pairs like AUD/CHF and CAD/CHF also fell rapidly as price was at a resistance level. I personally milked USD/CHF, CAD/CHF and AUD/CHF over the last few days with hundreds of pips in the bag. Here's a chart on CHF where you can see that I caught the absolute TOP Currently, USD/CHF is inching towards a minor support level which could lead to a moderate pullback towards 0.9850. I would be waiting to see the price action in the support level before buying USD/CHF. If bullish price action happens in the support level, I would consider a buy trade with 0.98 as the TP.
by KaltoireCapital
5
USDCHFThe Swiss Franc fell strongly last week to reach very close to a new 3-year low against the US Dollar, and to reach and surpass parity with it. European currencies excepting the Euro are generally weak, but the Franc is showing standout weakness. The fall in the Swiss Franc has been unusually strong, being a firmer directional trend over the past few weeks than any other currency excepting the US Dollar. This is unusual as the Swiss Franc rarely trends strongly. With a still-strong US Dollar, and non-USD currencies (especially European currencies) looking weak, the price may rise further over the short-term. However, bulls should beware of two factors: The price hit and rejected the old key resistance level at $1.0050. The Swiss Franc rarely trends for long. I will not take this trend trade, but it may be attractive to other speculators.
Long
by SmoothJB
USDCHF (U.S Dollar / Swiss Franc) Currencies Analysis 09/04/2021Fundamentals: The USDCHF currency pair is often called 'The Swissie'. The Swiss Franc is the last Franc still in issuance in Europe. CHF is shorthand for 'Confoederatio Helvetica' Franc, and represents the economy of the neutral nation situation in the center of Europe. Switzerland has long been a key banking center for customers around the world, and the secrecy with which they maintain their banking operations has made them one of the more desireable locations for storing cash. This has helped to bring considerable strength to the Swiss Franc, pressuring exporters from the nation. When the European Debt Crisis enveloped the continent, massive inflows into Swiss Francs made the situation worse until eventually the Swiss National Bank (SNB) created a peg to the Euro at a rate of 1.2 Swiss Francs for every 1 Euro. If the EURCHF currency pair fell below 1.20, the SNB proposed to sell CHF and buy EUR to support the 1.20 floor. Technical analysis: the Pair seem to be on a bullish wave and it has trigged the extension level of the Fibonacci projection and now consolidating at the parallels legs of the same Projection accordingly we can target the higher levels with higher confirmation as the price has done its accumulation phase properly and we can see an Inverted Head and Shoulder pattern at the Accumulation zone which is a very good sign it. there are total of 3 Targets defined as the 1 and 2 Targets are very much Prone to get triggered on a very faster pace
Long
by BitonGroup
4