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Usdchfsell

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
usdchf short idea from1h POIHey Everyone, let me talk you through the charts, based on what I have seen price remained bullish throughout last with mainly due to DXY. Price have dropped in AB=CD pattern where we expect price to drop further after completely the last touch to 'POI' OR ' POINT OF INTEREST'. Once price drops as described over the chart, we would expect price to reverse at over 'Order Block'. Let's see how Dxy holds up. Here what's you need to do: -Only buys at the suggest area and 'DO NOT SELL AT POI'. -Once enters use stop loss of 40-50 pips do not use more than that. -Take profit after 100 pips. So what do you think about USDCHF
Short
by TheNextLevelTradingCo
USDCHF: Potential risk!The USD/CHF has dropped to a fresh low for the week, falling below the 0.9126 level. This decline is attributed to recent economic data from the US that indicates a decrease in inflation, leading to speculation that the Fed may halt its tightening cycle. This has resulted in increased pressure on the US dollar. As of now, the USD/CHF is trading at 0.9127, which is lower than its initial value. USDCHF Technical analysis: Despite the USD/CHF's attempt to reach 0.9100, sellers were unable to break it decisively. The flat readings of technical indicators, such as the Relative Strength Index (RSI) and the Rate of Change (RoC), suggest that sellers are leaving the market. However, if the USD/CHF falls below 0.9100, it could challenge the year-to-date low of 0.9059. Conversely, if buyers regain 0.9150, it could lead to a rebound towards 0.9200 and higher. It is probable that the decline will persist!
Short
by Sphyn-Trader
7