Get started

Usdchfprediction

USDCHF Technical Analysis and Trade IdeaThe USD/CHF currency pair has exhibited bullish tendencies on the higher time frame. Currently, we are witnessing a significant retracement as price has encountered resistance. In the accompanying video, we explore a potential trading opportunity, contingent upon the development of favorable price action. We identify key support and resistance levels, along with an optimal entry point based on a 61.8% Fibonacci retracement. The discussion encompasses chart patterns, price action analysis, and a particular form of price behavior that, if advantageous, would warrant market entry. As a disclaimer, the information provided is solely for educational purposes and should not be construed as financial advice. Trading carries inherent risks, and it is imperative to implement sound risk management practices at all times.
Long
by fxtraderanthony
1
USD/CHF Consolidation and Potential Sell OpportunityThe USD/CHF currency pair currently shows signs of entering a consolidation phase, indicating a period of price stability and reduced volatility. Traders observing this consolidation pattern may seek potential trading opportunities as the market prepares for its next directional move. Trade Recommendation: Considering the current market conditions, traders may consider a sell position on the USD/CHF pair. This potential trade setup suggests entering a sell position when the price of the pair drops below the 0.89980 levels. Disclaimer: It is important to note that all trading decisions should be made with careful consideration of one's own risk tolerance, financial situation, and trading strategy. This analysis is provided for informational purposes only and does not constitute financial advice. Trading foreign exchange (forex) and other financial instruments involves significant risk, and past performance is not necessarily indicative of future results. Traders should conduct their own thorough analysis and seek advice from qualified financial professionals before making any trading decisions. The author and publisher of this analysis do not accept any liability for any loss or damage resulting from reliance on the information provided herein.
Short
by Maven_Trader24
USDCHF Long ViewCentral banks have had their say for Q1 and there were arguably two surprises, both from central banks that have deployed negative interest rates in the recent past. The Bank of Japan decided to exit negative rates and the Swiss National Bank (SNB), in a surprise decision, voted to cut their benchmark interest rate – the first of the major central banks to do so. Lower inflation forecasts for Switzerland and meagre growth lay the foundation for further easing to come from the often-unpredictable SNB before Chairman Thomas Jordan steps down in September. In contrast, The Fed requires more confidence that recent hotter-than-expected inflation is headed towards the 2% target on a consistent basis while growth and the labour market remain resilient – supporting the dollar. CONTRASTING FUNDAMENTALS PRESENT AN OPPORTUNITY FOR USD/CHF IN Q2 Now that the SNB has pulled the trigger and cut rates, this allows other central banks to consider the doing the same. However, being the first mover, the Swiss Franc opened itself up to currency depreciation due to a worsening of interest rate differentials. For other nations still experiencing stubborn inflation, this would have been a concern but given the franc’s undesirable appreciation and Switzerland’s impressively low CPI (1.2% in February) – the decision to cut actually makes sense for the EU member state.
Long
by FXBANkthe8055
USDCHF: View on daily timeframe, we are neutral. FX:USDCHF last few month price has been bearish all along as CHF remain strongest in the situations where war and other economical conflicts affects in global financial market. We are still not sure about future trend of this pair, as strong bullish price action yet to be seen. However, the big amount of volume was accumulated at lower low of thursday which suggest a possible correction can occur. We would advice you to use smaller timeframe to have a better and safer bias. Good Luck and Trade Safe
by Setupsfx_
15
usdchf daily outlookit is going to complete a flag pattern after a clear upside move. so as the previous upside move, we can think that the next move could be upside after the valid breakout of this flag. I am not telling you guys to execute the market right now....wait for a valid breakout wait for better confirmation...then define your risk and then take the position. note:- let's talk about the validity of a flag pattern. when you see the 4 touches on a flag pattern then it's going to be a valid pattern. another validity is a breakout. thank you
by THE-10
USDCHF In the USD/CHF pair, a bearish trend seems to be emerging on the 4-hour timeframe, supported by the breakout below the double top neckline. Additionally, the correction of around 50% in the previous wave and the completion of the 4th Elliott wave further suggest downward pressure, potentially indicating a continuation towards the completion of the 5th Elliott wave. Traders might consider monitoring for further confirmation of this bearish sentiment through price action and key support/resistance levels.
Short
by forex_info
1
USDCHF AnalysisHello traders I have conducted an analysis on USDCHF, as you can see the market has been on a down trend for the past few months and I think it will continue doing so as it showed huge rejection candle on the current zone so now this current zone will act as resistance as price showed before that this zone is valuable as it was acting as support in the past months. So now I will keep on looking for bearish trades until it reaches the last zone then I will look for buy opportunities. So what do you think traders on this one?
Short
by dlaminisya
1
SHORT USD/CHF from .8847I'm SHORT this pair from .8847. USD/CHF has hit the channel shown. This is a recent area of resistance from 13/2/24. Price has been overbought since yesterday and now it appears the BULLISH momentum of this pair is waning and the signs are that USD/CHF BEARS are jumping on board. Although the Pivot Point SuperTrend remains BULLISH, the Andean Oscillator shows a rise in the red SELL line and the green BUY line is heading south and looks like it will cross the signal line soon. Other confirmation of the BEARISH bias is the falling RSI and the MACD is crossing south whilst the signal bars are shortening. This has to be considered a risk trade as we don't have every indicator confirming the BEARISH momentum but we are just under WR1 resistance having been above it a few hours ago and the other major consideration is US news at 15:00 being the Manufacturing PMI and Revised UoM Comsumer Sentiment. Hopefully this trade will be in + numbers and we can get a tight STOP on before the release of the data which will no doubt move the market.
Short
by forextraplaces
USDCHF: Experts predict a difficult year for the Swiss Franc“The franc is once more overvalued,” stated David Alexander Meier, economist at Julius Baer Group and pinnacle fourth-region FX forecaster in keeping with Bloomberg. Mr. David expects the franc to fall approximately 4% from modern tiers with the aid of using the quit of the yr while the Swiss National Bank (SNB) stops assisting the foreign money. This is extra than double the common estimate of economists. His view is primarily based totally at the SNB`s current U-turn, which signaled that it might possibly ease - if now no longer absolutely reverse - the overseas foreign money income that helped the CHF top in 2015 towards the EUR and EUR. USD. Last week, SNB President Thomas Jordan stated the terrible effect of the highly-priced franc on exporters. The economist expects the SNB, which has the second one-lowest hobby charge amongst G-10 countries, to begin decreasing hobby prices while inflation in Switzerland stabilizes beneath the 2% goal with the aid of using the quit of this yr. He stated the SNB is not likely to preserve shopping for overseas foreign money reserves, an pastime that has stopped considering that the second one region of 2022. That will placed stress at the franc, even extra than the decline in overseas foreign money income. The franc rose almost 10% towards the U.S. greenback closing yr, the largest benefit the various G-10 and its best-appearing foreign money considering that 2010. However, till January this yr, CHF has slipped in conjunction with G-10 currencies and misplaced approximately 2.5% of its cost amid a more potent dollar way to developing expectancies of the United States Federal Reserve (Fed) easing economic policy. .
Short
by Chart_MasterPro
USDCHF: USD is calm and trading volume is lowThe dollar traded subdued in early European trading on Monday, with the US holiday keeping trading volume down as traders considered the possibility of an early interest rate cut by the Federal Reserve. At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 102.242, at the start of the holiday. Martin Luther King Jr. The U.S. producer price index unexpectedly fell in December, according to data released Friday, prompting traders to increase bets that the Federal Reserve will start cutting interest rates as early as this year. According to the CME FedWatch tool, the market now indicates a 78% chance that the US central bank will begin easing interest rates in March, compared with a 68% chance a week ago. The US data calendar is quiet this week, with the main focus on retail sales data due out on Wednesday. This will be closely watched for signs that consumer spending - the main driver of economic growth - remains resilient in the face of rising interest rates. Retail sales are expected to increase 0.4% in December, after rising 0.3% in November. Investors will also have the opportunity to hear from several Fed officials, including Fed Governor Christoper Waller as well as Atlanta Fed President Raphael Bostic and San Francisco Fed head Mary Daly.
Short
by Chart_MasterPro