USDCHF to see a higher correction from 38.2% pullback?USDCHF - 24h expiry
Levels close to the 38.2% pullback level of 0.8682 found sellers.
Rallies should be capped by yesterday's high.
Daily signals are mildly bearish.
Short term MACD is moving lower.
A higher correction is expected.
We look to Sell at 0.8685 (stop at 0.8715)
Our profit targets will be 0.8610 and 0.8580
Resistance: 0.8650 / 0.8685 / 0.8700
Support: 0.8633 / 0.8620 / 0.8600
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Usdchfshort
Data-Driven Based Support Level for FuturesDuring the strengthening of the franc, option traders actively gained 'naked puts' levels.
To create a spread strategy, traders can add a long position in the underlying asset, resulting in a breakeven call or a spread when selling an out-of-the-money call in the same series. This allows the trader to enter the market with no risk or even a small profit immediately.
Based on this advantage, we expect a surge in buying activity at the current level or slightly lower.
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.
7 Dimension Analysis For USDCHF 😇 7 Dimension Analysis
Time Frame: H4, D1
1️⃣ Swing Structure: Bearish on both time frames
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Corrective, indicating a nearly completed sideways move
🟢 Inducement: Liquidity sweep with a long wick candle
🟢 Decisional OB: Mitigated, resistance at CIP with a strong buildup post-breakout, indicating bearish strength in the area
🟢 Traps: Shakeout completed in this area (Arrows)
🟢 Time Frame Confluence: Daily and H4
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal with a triple top observed during this phase, forming a Consolidation Rectangle
🟢 CANDLE PATTERNS: Notable long wick, Open low/high pattern awaiting confirmation, and an already formed Tower Top
3️⃣ Volume
🟢 Fixed Range: Sell volume predominant in this area
🟢 Low Volume on Breakout: High volume in the purple rectangle area, but without updating Upside move. Expecting a sharp downward move.
4️⃣ Momentum RSI
🟢 Zone: Price in a wide bearish range
🟢 Range Shift: Bearish to sideways shift observed
🟢 Grandfather Father Son: A 6-star selling setup according to this RSI strategy, with an 80% probability
5️⃣ Volatility Bollinger Bands
🟢 Middle Band: No confirmation yet
🟢 Contraction: After an expansion move, the market is now in full contraction mode, making outside-of-the-band closing crucial
🟢 Squeeze Breakout: Anticipated
🟢 Walking on the Band: Awaiting
🟢 Headfake: Two observed
🟢 Band Puncher: Three times observed
(For those seeking to learn these concepts in a professional manner, feel free to send me a direct message.)
6️⃣ Strength According to ROC
🟢 Values: CHF 7.19 vs. USD -3.46
7️⃣ Sentiment
☑️ FIB Trigger Event: Done
☑️ Trend Line Breakout: Awaiting
💡 Decision: Sell
🚀 Entry: 0.8474
✋ Stop Loss: 0.8590
🎯 Take Profit: 0.8133
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
😊 Risk to Reward Ratio: 3
🕛 Expected Duration: 15 days
SUMMARY:
The analysis points toward a bearish sentiment, advocating for a sell decision. The entry is set at 0.8474, with a stop loss at 0.8590, take profit at 0.8133, and a risk-to-reward ratio of 3, expecting completion in approximately 15 days.
Will USDCHF breakout Tomorrow? (after US Inflation report)Will USDCHF breakout Tomorrow? (after US Inflation report)
USDCHF recently surpassed both its 50 and 100-hour moving averages, yet it remains confined within its 2024 trading range.
Fluctuations between risk-on and risk-off sentiments keep the pair moving between 0.84635 and 0.85294. Initially, bullish optimism followed comments from Atlanta Federal Reserve President Raphael Bostic, suggesting 2 potential interest rate cuts by the end of 2024. Additional news this week supporting the Swiss franc was the inflation rate in Switzerland rose to 1.7% in December 2023 from 1.4% in the previous month and above forecasts of 1.5%.
However, a recent shift towards risk aversion has led investors back to the US Dollar, however without creating a distinct market trend.
When will this non-trending market transition into a more trending market? Perhaps at the drop of the US inflation report tomorrow.
In the meantime, maintaining a bullish stance depends on the price staying above its elevated 100-hour moving average at 0.85100 and a break of the recent high at 0.8535 could instigate more buying momentum. A drop below this level could shift the bias towards neutrality.
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
USDCHF - Look for a short ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I expect price to continue the retracement to fill the imbalance higher and then to react from institutional big figure 0.85000.
Fundamental news: Next week on Friday will be released NFP and Unemployment Rate in USA. News with a lot of impact.
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USDCHF - Still bearish ✅Hello traders!
‼️ This is my perspective on USDCHF
Technical analysis: Here we are still in a bearish market structure, so I see price to continue the retracement to fill the imbalance higher and then to reject from bearish order block for a short position.
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USDCHF price action remains negative.USDCHF - Intraday
Yesterday's Marabuzo is located at 0.8594.
There is no clear indication that the downward move is coming to an end.
The lack of interest is a concern for bulls.
We are trading at oversold extremes.
We look for a temporary move higher.
We look to Sell at 0.8594 (stop at 0.8620)
Our profit targets will be 0.8529 and 0.8514
Resistance: 0.8580 / 0.8610 / 0.8630
Support: 0.8557 / 0.8540 / 0.8520
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
SELL TRADE SETUP ON USDCHFHey Traders,
Check out this technical analysis on USDCHF.
USDCHF is currently trading with bearish momentum by staying below the bearish trend line.
So anticipate a retest of the broken support level and consider entering SELL positions.
Keep a close eye on this; it could play out in either direction.
USDCHF H1, POSSIBLE SHORT from the RESISTANCEHello Traders!
This is my perspective for USDCHF H1. I see a strong resistance level, exactly at the same level we can see an Order Block (price 0.87500). I expect a retracement from that level until the new WL (weekly low).
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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USDCHF - Short from premium zone ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short from premium zone. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
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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
USDCHF Long Term selling Trading IdeaHello Traders
In This Chart USDCHF DAILY Forex Forecast By FOREX PLANET
today USDCHF analysis 👆
🟢This Chart includes_ (UDCHF market update)
🟢What is The Next Opportunity on USDCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDCHF: Weak US CPI weighs heavily on the dollarAs anticipation that the Federal Reserve would terminate the monetary tightening cycle increased due to slowing U.S. inflation, the U.S. dollar made a slight recovery in early European trading on Wednesday.
The Dollar Index, which measures the value of the US dollar against a basket of six other currencies, increased by 0.1% to 104.057 at 03:05 ET (08:05 GMT), not far from a two-month low on Friday. In three, 103.98.
Tuesday saw a significant decline in the value of the US dollar after statistics revealed that US consumer prices were unchanged in October but increased 3.2% year over year, less than anticipated, following a 3.7% increase in September.
The most important factor in determining whether the Fed will continue to tighten policy is stable inflation, particularly when inflation increased more than