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Usdchfprediction

USDCHF could go up, but be careful#USDCHF appears to have created a double bottom formation in the 0.9050 level. It's quite likely that USD/CHF can go up to 0.9230 in the next few days. I would be looking to place buy trades in the support area that I have highlighted in the chart. However, buyers must also be careful and use a stop loss below the support zone because USDCHF has gone through a prolonged sell-off. US Dollar is still struggling and there's no guarantee that the double bottom formation would work here. That being said, this trade offers a good R:R(Risk/reward ratio) and hence, I am looking to place 2-3 standard lots of buy trades in this support area.
by YourLazyTrader
4
EURCHF - SELL OPPORTUNITYEUR - BEARISH 1️⃣ European stock markets traded mostly lower as investors fear that a second wave of infections in Europe could dampen the economic recovery. 2️⃣ The Eurozone's largest economy (Germany) contracted by 10.1% during the second quarter of 2020. 3️⃣ Euro area unemployment up to 7.8% in June. CHF - BULLISH 1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases. 2️⃣ Risk-off markets sentiment will help Swissy. ===== Technical ===== - Im shorting EURCHF on SBR level + SMA50 area. - USDCHF in bearish mode.
Short
by MonsunAsia
USDCHF - SELL OPPORTUNITYUSD - BEARISH 1️⃣ FED warned that ongoing public health crisis will weigh heavily on economic activity, employment, and inflation in the near term, and poses considerable risks to the economic outlook over the medium term. 2️⃣ Doubts on the US strong economic recovery and uncertainties regarding the $1 trillion stimulus package proposed by Senate Republicans, as it faces some form of opposition from the Republicans, Democrats and President Trump. 3️⃣ Chairman Jerome Powell noted that there are signs the increase in infections is starting to weigh on activity while noting that the path forward for the economy is “extraordinarily uncertain.” 4️⃣ Q2 GDP expected to print negative due to economic shutdown. CHF - BULLISH 1️⃣ The recent escalation in diplomatic tensions between the US and China added to market concerns that the economic recovery in the US could be grinding to a halt amid the resurgence in coronavirus cases. 2️⃣ Risk-off markets sentiment will help Swissy. ===== Technical ===== - We short on SBR level + SMA 50 area on H1 chart. - USDCHF in bearish zone.
Short
by MonsunAsia
Potential Long Trade in USDCHFUSDCHF has reached a long-term support level from where it could bounce up. I have already started buying USDCHF with my latest buy at 0.9172. This trade is based on the weekly chart. So, one has to wait patiently to see how this plays out over the course of the next few weeks. I like this set-up because of the good risk/reward ratio and the potential profit will be much bigger than the amount I am risking. There's a big chance that USDCHF will bounce from this area and reach 0.99 level.
Long
by YourLazyTrader
1
USDCHF wyckoff accumulation or rebound?I personally think that we are currently the Wyckoff accumulation zone, and have reached the stage C The reasons for long as follows: 1. Since 2008-03-17 oversold rsi signal, volume and price divergence. 2, August 2011, panic selling, the rate reached 0.7, but the supply has been exhausted, quickly rebounded to the rate 0.99, naturally fell back to the rate of 0.87, demand increased (the supply is almost exhausted!) 3. The rate is between 0.92-1, during the period, demand is more than supply, March 12, in the global liquidity crisis situation, the rate dump hard, followed by a rapid rebound, currently rate fell to around 0.93 again, personal think that is the second confirmation of last support Long-term strategy 1.put long-term orders near the range bottom 2. range traders, daily traders, can also buy low sell high in 0.92-1 3, Once SOS appears with a large volume, and breakthrough of the upper edge of the range, follow the trend, open long Let's take a look at 4 hours chart, where to buy (for daily trader)
Long
by Biduoduoduo
3