DeGRAM | USDCHF fakey settupUSDCHF is trading in the descending channel. The market made shallow lower lows.
The market created a consolidation zone at the support level following a bearish move.
We expect a breakout of the channel and a retest of the psychological level.
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Usdchfsignal
USDCHF - Short from bearish order block ✅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 shorts from premium zone. My point of interest if price took buy stop liquidity and reject from bearish order block.
Fundamental analysis: Next week we have news on USD, on Wednesday will be released CPI and on Thursday PPI, these 2 are very important news, so we have to pay attention to the results.
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USDCHF Possible rise to resistance levelCurrency Pair : USDCHF
Possible direction : Bullish
Technical Analysis : After strong bearish monthly close USDCHF has come to long term monthly support and price started to revise for a pullback. As weekly and daily market is over extended to the downside, it is highly likely price require liquidity to move further down, therefore, high probability price will continue to rise to the monthly resistance level.
Possible trade recommendation : Bullish as per chart sketch
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DeGRAM | USDCHF at psychological levelUSDCHF is trading in an ascending channel.
The market is moving to a strong resistance level, which is a psychological level as well: 0.9000.
Price was rejected by the level before, and it is likely to pullback from this level again.
We expect short-term pullback.
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USDCHF - Short from bearish order block ✅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 shorts. I expect 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 - CURRENT SITUATION#USDCHF
- At this point, USDCHF is going down a bit. But with US PMI DATA and LABOR DATA being POSITIVE, USDCHF was BUY until last Friday. And FED UPDATES were very NEGATIVE. Hence, the CHF automatically rose against the USD in the previous days. Anyway, SWISS NATIONAL BANK has come out of NEGATIVE RATES. Anyway, RETAIL SALES POSITIVE came in US.
- Currently, the MARKET is becoming RISK ON and USD is a bit WEAK because of that. Anyway, the FED MEETING is scheduled to be held today. Yesterday US CPI data was NEGATIVE. That's why USD was WEAK yesterday.
- There is definitely a high possibility that USDCHF will go UP a little more and move to the 0.9462 LEVEL. Anyway, USDCHF price can go down to 0.8860 level after FED EVENT. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
USDCHF - Buying opportunity ahead for 27.5:1 RRRHello everyone! Hope you all have a great trading week and Ramadan Kareem all.
Have received bunch of questions regarding my insight on dollar and especially $FX:USDCHF. Currently sitting at 3M pivot, I expect some bullish momentum come in if we get above our entry level.
Entering this trade by BUY STOP order and risking 1% for 25.5% gain.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Good luck everyone!
Regards,
Enzo
USDCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective with clear lower lows and lower highs. Now I expect price to make a retracement after taking buy stop liquidity to fill the imbalance higher and then to reject from bearish order block for a short position.
Fundamental analysis: We have news events on USD on Wednesday 12th of April, will be released monthly and yearly CPI followed by a FOMC Meeting the same day. As well, on Thursday will be released monthly PPI in USA.
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USDCHF - Buying opportunity ahead 12:1 RRRHello everyone! Hope you all had a great weekend and Ramadan Kareem all.
Starting of this week, I see some potential buy movement for FX:USDCHF from the SMC area. Our RRR is quite good, so be patient and risk 1%. As always, when risked amount is made book profits and let the trade run for a possibility great growth.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. Together we win!
Regards,
Enzo
20 Reasons For Sell USDCHF 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: After examining all available data, it is clear that the US dollar has consistently weakened against the CHF over the past 50 years. This trend is expected to continue, with the CHF remaining strong against the dollar.
2:📆Monthly: A bearish trend has been established since 2017, with a confirmed market structure exhibiting a higher low in 2019 and another high low in 2022. This provides a clear indication of the market's bearish stance.
3:📅Weekly: Current analysis shows a discernable shift in market behavior, with pricing fluctuating within a specific range over the past 10 to 12 weeks. This trend is indicative of broader market pressures, warranting a thorough assessment of our position in light of market activities.
4:🕛Daily: The market structure appears to be sideways, requiring confirmation through breakout.
😇7 Dimension analysis
🟢 analysis time frame: Daily
5: 1 Price Structure: The market is currently exhibiting a sideways pattern, which will confirm upon breakout.
6: 2 Pattern Candle Chart: A double bottom pattern may indicate weak support at this level.
7: 3 Volume: Current volume levels do not support the bearish trend. However, the anomaly warrants caution and a significant increase in volume during a breakout, as low volume breakouts may be avoided
8: 4 Momentum UNCONVENTIONAL Rsi: The RSI is currently sideways. between 60 to 40 area
9: 5 Volatility measure Bollinger bands: NO Activity
10: 6 Strength ADX: ADX indicates a bearish market trend.
11: 7 Sentiment ROC: ROC reveals that the USD is weaker than the CHF
✔️ Entry Time Frame: H4
12: Entry TF Structure: The market structure is bearish.
13: entry move: An impulsive move is expected upon entry.
14: Support resistance base:Mid-of the move is expected to provide resistance.
15: FIB: Fibonacci retracement analysis may provide additional insight. trigger event awaited
☑️ final comments: It is advisable to wait for a further market confirmation before making a decision. support breakout
16: 💡decision: wait and sell
17: 🚀Entry: 0.9117
18: ✋Stop losel: 0.9179
19: 🎯Take profit: 0.8904
20: 😊Risk to reward Ratio: 1:4
🕛 Excepted Duration: 5 day
USDCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we can see that price makes lower lows and lower highs, so we are in a bearish market structure and looking for shorts. I expect price to make a retracement to fulfill the imbalance higher and then to reject from bearish order block.
Fundamental analysis: On Monday 3rd of April we have news events on CHF, will be released monthly CPI. The forecast for CPI is to decrease from previous month. As well, we have news events on USD on Friday 7th of April, one of the most important news related to USD, which are NFP and Unemployment rate. Pay attention to the results of these news as they will indicate the direction for this month.
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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!