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Usdchfsell

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
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
USD/ CHF !! 1/9/2024 trendline DOWN⭐️ Smart investment, Strong finance ⭐️ News Investors will be looking for guidance from the Swiss Consumer Price Index for December, which is scheduled to be released later today. Analysts expect the annual CPI to indicate a growth of 1.5% compared to the previous reading of 1.4%, while the monthly CPI is predicted to remain unchanged at -0.2%. The main event to watch out for this week will be the release of US inflation data on Thursday. Market participants anticipate that the headline Consumer Price Index (CPI) will show a year-on-year increase of 3.2%, while the Core CPI is projected to decrease from 4% to 3.8% year-on-year. ⭐️ Personal comments NOVA: The price area touching the trendline and touching the EMA is suitable for a SELL signal ⭐️ SET UP USD/CHF PRICE: 🔥SELL zone: 0.84750 - 0.84900 SL 0.85300 TP1: 0.84400 TP2: 0.84100 TP3: 0.83800 ⭐️ Technical analysis: Based on technical indicators EMA 34, EMA89 and support resistance areas to set up a reasonable SELL order. ⭐️ NOTE: Note: Nova wishes traders to manage their capital well - take the number of lots that match your capital - Takeprofit equal to 4-6% of capital account - Stoplose equal to 2-3% of capital account - The winner is the one who sticks with the market the longest
Short
by Nova-Scalper
2
USDCHF: BoA warns about investors being too optimistic about intA note from Bank of America's strategy department about the Fed follows The market was ahead of expectations of 5 interest rate cuts next year from the Federal Open Market Committee (FOMC) and even more (6) from the European Central Bank. BoA believes that expectations need to be tempered due to: Core inflation remains high And inflation risks are higher in early 2024 as the base effects from energy prices fade. In Europe: Eurozone deflation at current levels could support interest rate cuts starting in March
Short
by Chart_MasterPro
Are We Extremely Over-Bought ? Time To SELL ?If you read my trade setup on this pair from July, I had predicted a decline below 0.86 followed by a rebound surpassing 0.88, settling within the monthly range. The lowest point reached was 0.855, followed by a consistent bullish trend for 12 consecutive weeks. As a result, the price appears overbought as it enters a Weekly SUPPLY/SELL zone and approaches a significant resistance at 0.91. Given these indicators, I'm inclined to SELL this pair at its current price, setting a stop loss just beyond 0.92. My target is the recently established Weekly BUY/DEMAND zone around 0.88, and I'll be closely monitoring the price response at this level. This region might entice buyers to jump back in, potentially aiming for the 0.93-0.94 range
Short
by TheFxAce
15