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Usdchfprediction

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
USDCHF SHORTS ACTIVE 📉📉📉📉 Expecting bearish price action on this pair as we are in a clear bearish market strucutre with bearish bos and lower highs / lower lows. I will take my short entry only if price will reach the premium market are on the fibonacci somewhere around 0.93500 + bearish orderblock on h4 as i think that area should hold for a SHORT. The retail heard is LONG on this pair and this should add more confluence to our trade What do you think ? Comment below..
Short
by AnonimFXRO
USDCHD LONGUSDCHF LONG ➖➖➖➖➖➖➖➖➖➖➖➖ If we see the support broken @ 0.93051 then the only scenario is that USDCHF going down to the support area @ 0.92650, but if the support hold the price @ 0.93051 area i expect the price to go up to and settle above resistance @ 0.93755. ➖➖➖➖➖➖➖➖➖➖➖➖ Please use small lots if you gonna trade on this idea. ➖➖➖➖➖➖➖➖➖➖➖➖ Please like, comment and share if you like my idea. ➖➖➖➖➖➖➖➖➖➖➖➖ My open position EP 0.93004 TP 0.93880 SL 0.92504
Long
by pmfxtrade
1
USD/CHF likely to move UP!Hey tradomaniacs, looks like USD/CHF has found support after the recent breakout. So far we have seen a 3-Wave-Correction which could be finished soon. Price is attempting to break out of the trendline in order to trigger the potential double-bottom which could cause a high probabillity long-setup. Swiss is less likely about to increase interest-rates today, so USD might still be strong against the CHF. Technically a good upcoming long imo. Lets see what happens! =)
Long
by Trading2ez
1