Usdchfprediction
USDCHF: Join the Short TeamWe took this trade yesterday with the team, we already have a gorgeous entry but we are looking for potential re-entry points.
I have illustrated where I would like to take a trade, once we tackle the equal high liquidity and bounce from the demand zone.
Do you like this idea?
USDCHF ANALYSISWith the loss in dollar strength on Friday, we had in mind sell-side continuations on this pair.
But with this break and close below the level, we have just confirmed it.
We expect continuous downward movements as price continues to move to the downside.
Stops go above the current level, with targets below.
USDCHF Daily analysis, Price directionHello everyone, as we all know the market action discounts everything :)
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The USD/CHF pair has been against a strong resistance zone at 0.92300 - 0.92500 with multiple top formations. USD/CHF went to the low of 0.9108 on August 4, after breaching 23.6% Fibonacci retracement, at 0.9192 However, the spot made a swift recovery back to the high of 0.9242 only to retrace toward 0.8140 in the previous week.
2 Different Scenarios for price movement in the next few days
Scenario 1 :
The price is trending close to the resistance line at 0.9164 a breakout of that line could indicate a change in the movement of the pair and the price could be headed near the second resistance zone at 0.92200 in the 23.60% Fibonacci level, and from there the Bulls will have to show a lot of support for the price to break that zone and change the trend.
Scenario 1 :
The price is getting closer to the support line at 0.9148 if the bears were able to break that line then a sudden change in price will happen and the bears will have enough moment to drive the price to near the 0.91100 support in the 50% Fibonacci level, where a test for the Bears power will happen and if they proved that they still hold control then most likely the price will drop below the 61.80 Fibonacci level and will be hitting the 0.90670 zone
Technical indicators are showing that :
1) The market price just dropped below the 5 10 MA and EMA, we could be seeing a small bearish movement, The price is still above the 20 50 100 200 MA EMA.
2) The MACD is above the 0 line Showing a Bullish state in the market, with a positive crossover between the MACD line and The Signal Line.
3) The ADX is at 22.39 showing that the market is currently trending, With a positive crossover between the DI+ (23.54) and DI- (21.30).
Support & Resistance points :
support Resistance
1) 0.91480 1) 0.91640
2) 0.91100 2) 0.92200
3) 0.90670 3) 0.92870
Fundamental point of view :
After touching the high of 0.9240 in the overnight session, USD/CHF continues to trade higher in the Asian trading hours on Friday The pair hovers in a narrow trade band with an upward bias. The appreciative move in the US dollar sponsored the move in the pair. The US dollar index remains strong above 93.00
The US Initial Jobless Claims fell for the third consecutive week, the readings came at 375K in the week ended on August 7 whereas, the Producer Purchase Index (PPI) gained 1% in July, higher than the market forecast of 0.6%.
Meanwhile, Kansas City Federal Reserve President Esther George said that the time had come to end the central bank’s asset purchase program.
On the other hand, the Swiss franc surrenders gains against the stronger US dollar.
As for now, traders are waiting for the Swiss Producer and Import price, US Michigan Consumer Sentiment data to gauge the market sentiment. According to Fxstreet
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
USDCHF ANALYSISAs the dollar continues to build strength, we are following this pair with momentum.
Now that we see a break above this level, we wait for a pullback before taking a buy.
We'll wait to see how price reacts to the level. If we see bullish rejections, we could set them longs and shoot.
New targets would be the previous daily high.
USDCHF Buy SetupLooking forward to go long on USDCHF because the previous candle in the daily time frame closed as a bullish engulfing and also price has failed to break below support lines. The imbalance in price from 16th and 17th June respectively has been cleared. I expect price to move to 0.91150-0.91300 before it will continue to sell.
USDCHF H4 TIMEFRAME ANALYSIS (BUY)Both the Diamond pattern or setup and the head and shoulder pattern or setup are major reversal setups. Therefore in this analysis we have a combined reversal setup both happening together. This indicates that we are ready to move into a strong bullish trend. In this usdchf outlook We set our long orders above the current price expecting the trend reversal soon. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely.Thank you for following Newjerusalemforex on tradingview.
USD/CHF - WHERE WE CAN SEE BUY PRESSURE 😋Technical Overview: - USD/CHF
Analysis is only 1 piece of the puzzle 🧩
Our analysis is a sentiment for the upcoming week, month.
Use this as a weather forecast, you are the person that has to put on a jacket when it’s raining.
Trade this sentiment based off your own entry strategy at the right time.
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Trade with the manipulation👾
USDCHF: intraday shortHi Traders,
This is my view on this pair for the next few days
#USDCHF
SELL 0.918
SL 0.919
TP 0.915
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Pietro from Trading Kitchen
USDCHF buy opportunityA good buy opportunity is unfolding for usd/chf. Currently trading in an ascending channel. Another attempt for the top of the channel is going to happen soon. The aim is to trade Wave C of this correction. I am looking to enter at 0.91 and at 0.9055 with SL at 0.902 (conservative SL = 0.896) . This will be an aggressive trade, with a stop loss at 0.90. The RR is 7.42 from the 0.5 fib level and 18.62 (magical) at the 0.618. The target of wave C is 0.966, however i will look to lock in some profit at 0.946 and let some to ride the last bit. After this rally, sentiment will be positive for trades affectionate to USD, unfortunately a massive crash will follow with a great SHORT opportunity for years.
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