Usdchfshort
USDCHF - Potential short ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: As I expected in my previous analysis price delivered bearish move. Now I wait for a retracement price to fill the imbalance higher and then to reject from bearish order block + institutional big figure 0.90000.
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USDCHF → Bears regain controlThe FX:USDCHF plunged sharply on Tuesday, more than 1.40%, with the pair dropping to new two-month lows of 0.8879 after hitting a daily high of 0.9027, sponsored by soft US economic data. At the time of writing, the pair trades at 0.8883, down 0.07% as Wednesday’s Asian session begins.
The daily chart portrays the pair with a bearish bias. The USD/CHF drop below the 200-day moving average (DMA) at 0.8994 accelerated the downtrend, which witnessed a break of the latest cycle low seen on October 24 at 0.8887. Downside risks remain if USD/CHF tumbles toward the August 30 swing low of 0.8745, ahead of testing the 0.8700.
For a bullish resumption, USD/CHF buyers must reclaim 0.8900 to remain hopeful of lifting prices toward the 200-DMA at 0.8993, ahead of the 0.9000 figure. A breach of the latter, the next resistance will be the November 13 high at 0.9052.
USDCHF - Bearish price action ✅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 a short position. I expect bearish price action from here as price almost filled the imbalance and rejected from that zone. My target is sell side liquidity around 0.89500.
Fundamental news: Next week on Tuesday will be released monthly and yearly CPI in USA, as well on Wednesday will be released monthly PPI and Retail Sales. News with impact on USD, so pay attention to the results in order to validate the analysis.
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Usdchf ShortIf we look at usdchf on weekly time frame we see a bearish trend, and at a current weekly state it is a continuity price movement to the downside we should anticipate. On H4 time frame we exhibit price undergoing shift of market structure to the downside around the premium pricing area, so now we would go down to 15m time frame and oversee a confirmed price action to the downside, we also wanna see SMS on 15m structures.
USD/CHF Sell Opportunity - Swing Trade - 0.90000 Key ResistanceI have just taken a sell position on USD/CHF expecting some strong selling pressure over the next coming weeks.
From a technical perspective we can see price has come into 0.90000 level which is a key area of daily / weekly resistance where in the past the market has reacted to favourably.
I am expecting again a strong reaction from this area.
I will not be going into the entry confirmation for this trade.
Stoploss is going to be at the high of the current daily candle.
Targets have been outlined within the screenshot provided.
USDCHF: Fed officials want to continue assessing the yield Several hawkish Fed policymakers spoke on Tuesday, saying that the tightening of financial conditions since July (10-year Treasury yields have risen more than 100 basis points) is likely to affect the economy, although it will take some time to become apparent. It was suggested that it may have a debilitating effect. Is this sustainable?
"We've seen some encouraging progress on inflation, but it remains too high," Dallas Fed President Laurie Logan said at a news conference in Kansas City. The key question for me is whether the fiscal situation we find ourselves in is restrictive enough to raise inflation to 2% in a timely and sustainable manner. ”
Fed Governor Christopher Waller said in a speech in St. Louis that the rate hike was a "shock" to the bond market, but another board member, Michelle Bowman, told the Ohio Bankers Federation that officials said it was too early to know the full story. The effects of this "shock".
Officials last week kept interest rates unchanged for two consecutive days at 5.25-5.5%, the highest level in 22 years. Federal Reserve Chairman Jerome Powell has suggested that there is no longer a need to raise interest rates, arguing that rising yields will cool the economy.
Since then, yields have fallen slightly as investors remain optimistic that the Fed is done tightening.
USDCHF: 07/11/2023: Looks Bearish
Well, as you can see, the price dropped after sweeping the liquidity and creating a valid order block.
On the other hand, the price broke the previous low and shifted the market structure so now we searching for sell.
There is a breaker block that the price entered into, if the price can break this breaker block we can expect to move higher to the bearish order block, and then with LTF confirmation, we can execute the sell position.
💡Wait for the update!
🗓07/11/2023
🔎 DYOR
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Swiss Franc Rides High on Investor Flight to Safety?Investor flight to safety might provide a favorable outlook for the Swiss franc this week.
Swiss franc against the USD and GBP might be the most interesting considering the Fed and the Bank of England (BoE) hold their policy meetings this week, where they are both expected to keep rates exactly where they are. These pauses by the Fed and BoE might contrast too sharply with the Swiss National Bank (SNB), whose Vice-Chairman made some hawkish comments over the weekend, pushing back against expectations that the SNB is done with its rate hikes, and cause some rumblings in the USDCHF and GBPCHF.
Investor risk-aversion has already caused the Swiss franc to hit a high not seen since 2015 against the Euro. Euro Area inflation is also due this week, so this pair might also be appropriate to watch this week.
Regarding the Middle East conflict, latest developments have seen Israeli Prime Minister Benjamin Netanyahu deny they would agree to ceasefire, drawing parallels to US retaliation to the terrorist attacks of 9/11. In this way, we might expect drawn out conflict, and the desirability of the Swiss franc rising.
USD/CHF Sell Idea 30/10/23Trade Details
Sell Limit
Entry: 0.90659
Take Profit 1: 0.89861
Take Profit 2: 0.88889
Take Profit 3:
Stop Loss: 0.90844
Key Notes
Order flow: Bearish
Trend: Bearish
Structure: Broken
Entry at order block (supply)
Disclaimer:
This is just a sample template and should not be used as financial advice. Always do your own research before making any trading decisions.
USD/CHF: Time to Sell Amidst Global Events👋Good day, traders!
📉Due to the events in Israel since the beginning of October, USD/CHF has lost more than 3.5% in value and recently broke its upward trend. If the decline in USD continues and breaks the support level at 0.89150, we can expect the beginning of a major downtrend towards the target levels of 0.88450, 0.87900, and 0.87000. I recommend considering selling from the conservative level of 0.88900-0.88700, anticipating a potential profit of 0.45-2.1%, with a SL at ~0.89750.
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DISCLAIMER:
This idea is for informational and educational purposes only and is not a trading recommendation. Traders analyze and make decisions on using this information independently.