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Usdchfsell

USD/CHF - Bearish Reversal Anticipated from Key Resistance LevelThe USD/CHF currency pair currently exhibits a Bearish Butterfly Harmonic Pattern. This pattern is significant as it is forming at a key resistance area, indicating a potential reversal in price action. The pattern's completion point, identified as Point D, aligns with a 61.8% Fibonacci retracement level, further reinforcing the likelihood of a bearish movement. Potential Reversal Zone (PRZ): Point D, also known as the Potential Reversal Zone (PRZ), is the critical area where we anticipate a reversal from the current uptrend. At this point, the confluence of the Bearish Butterfly Harmonic Pattern and the 61.8% Fibonacci level strengthens the probability of a significant bearish reversal. Entry, Stop Loss, and Take Profit Levels: To capitalize on the anticipated bearish movement, we recommend entering a short position at 0.90055. To manage risk effectively, a stop loss should be placed at 0.90175, slightly above the PRZ to allow for minor price fluctuations without triggering an early exit. Take Profit Targets: We have identified three take profit levels to gradually secure profits as the price moves in the anticipated bearish direction: TP-1: 0.89935 TP-2: 0.89815 TP-3: 0.89695 These take-profit levels are strategically placed to capture gains at significant price points, providing a structured exit strategy to maximize profitability while managing risk. Conclusion: The formation of a Bearish Butterfly Harmonic Pattern at a key resistance area, coupled with the alignment of the 61.8% Fibonacci retracement level, suggests a high probability of a bearish reversal in the USD/CHF currency pair. By entering at 0.90055 with a stop loss at 0.90175 and targeting the specified take-profit levels, traders can effectively benefit from the expected downward movement. Disclaimer: This technical analysis report is provided for informational purposes only and should not be construed as financial advice. Traders are encouraged to conduct their own research and consider their risk tolerance before entering any trades.
Short
by MZ_FX_
USDCHF Short Trade Setup A #short trade opportunity recently presented itself on the #dollarswissy (#USDCHF) #trading chart 📉. This is indicated by the #bearish engulfing candlestick 🕯️ pattern just below the 0.91081 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward momentum should see price dumping towards the 0.90000 psychological level and possibly testing the strength of the 0.89955 horizontal support level. As always, please apply appropriate risk management. Happy trading! #majorpair
Short
by charles-okoukoni
1
USDCHF - A Godsend In addition to my longer-term swing trade (if not already a position trade) in the form of a USDCHF long with a profit target of +760 pips, seen here I am also entering a "shorter-term" USDCHF long trade here at 0.83600, with a target of 0.87100. Thus a good +340 pips would be possible here. The probability that the weakness of the USDCHF will also come to an end by the end of the year tomorrow at the latest is exorbitantly high and the CRV at these levels is more palatable than ever. Otherwise, the fundamental reasons remain the same as in the longer-term trade above. -> The SNB will no longer be happy with the current levels of the CHF as soon as it returns from its skiing holiday in the Swiss Alps.
Long
by PrimeTrading
14
Sell Signals Looming? This Pair Nears Crucial SELL ZoneThis pair has been on a strong upward trend since the beginning of the year, following a significant drop at the end of December. At that time, I shared my first trading idea for 2024 on TradingView. You can find that idea linked in a related post at the bottom of this discussion. That trading strategy was spot on, hitting our target of 0.88, although I had mentioned the possibility of climbing even higher, beyond 0.90, due to certain key levels. And that's precisely what happened. The price is now nearing the SELL/SUPPLY zone at 0.91. This level was established in September 2023 and initiated the decline to 0.83. So, what comes next? Is it time to sell? If we examine the weekly chart below, you'll see a SELL/SUPPLY level right beneath the monthly one, which I believe was the real trigger for the descent to the new lows. The initial drop (indicated by a red arrow) did not set a new low, with the market pausing before plummeting sharply for eight consecutive weeks. This is the zone where selling should be considered, especially as the market has been rising for nearly 13 straight weeks and appears to be extremely overbought as we enter the Weekly SELL/SUPPLY zone between 0.90 & 0.91. The Daily chart shows that momentum hasn't diminished significantly and remains strong. This suggests that we might see a minor pullback towards 0.88 before another surge to the swing high @0.92, followed by another sell-off (refer to the chart below). I'll now begin searching for SELL signals on the 4hr timeframe with the TRFX indicator, aiming for a short-term sell position towards 0.88 or possibly lower, around 0.86. Price may continue its ascent towards 0.92 without the short-term pullback, given the strength in the daily trend, and then proceed to sell-off. Hence, I will also be preparing for this scenario and look to add to my position if the price moves up. In the longer term, this pair is still bearish on the Monthly charts, and a bullish trend would only be confirmed by a clean break and close above 0.92, which could then open the path for moves all the way back to 1.04. For now, I anticipate a sell-off from these levels given the overstretched 13-week bullish run and entry into a key Monthly SELL/SUPPLY zone that precipitated last year's lows. Let me know your thoughts below.
Short
by TheFxAce
10
🚨USDCHF is Ready to fall🚨🏃‍♂️ USDCHF is moving in an Ascending Channel and is currently near the 🔴 Resistance zone(0.891 CHF-0.882 CHF )🔴 and 🟡 Potential Reversal Zone(PRZ) 🟡. It also managed to break the Uptrend line . 🔔I expect USDCHF to start to decline after entering the 🟡 Potential Reversal Zone(PRZ) 🟡 and at least break down to the 🟢 Support zone(0.874 CHF-0.871 CHF )🟢. U.S.Dollar/Swiss Franc ( USDCHF ) 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
3
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