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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
Short
by Chart_MasterPro
USDCHF → Trades near 0.8870FX:USDCHF lost more than 100 pips in the previous session, due to the downbeat US inflation data. The USD/CHF pair extends the losses, trading near 0.8870 during the European session on Wednesday. A decisive break below the latter could push the USD/CHF pair to reach the support region near 0.8800 psychological level lined up with September’s low at 0.8795. The technical indicators for the USD/CHF pair reveal a bearish outlook. The 14-day Relative Strength Index (RSI) below the 50 level indicates downward pressure, signaling a bearish momentum and reflecting a weaker market sentiment. On the upside, the psychological level at 0.8900 appears as the immediate resistance, followed by the 23.6% Fibonacci retracement at 0.8922. A firm break above the level could inspire the USD/CHF pair to explore the next resistance around the 50-day Exponential Moving Average (EMA) at 0.8986. Moreover, the Moving Average Convergence Divergence (MACD) line, although below the centerline, is positioned above the signal line. This suggests a somewhat tepid momentum in the USD/CHF pair, indicating a less pronounced bearish sentiment.
Long
by tradingconmike
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.
Short
by tradingconmike
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.
Short
by Chart_MasterPro
4
USDCHF: USD/CHF breaks 2-day losing streak, stays above 0.8900, The USD/CHF pair snaps a two-day losing streak during the early European session on Friday. The pair currently trades near 0.8927, up 0.15% on the day. Meanwhile, the escalating geopolitical tension between Israel and Hamas might benefit to the safe-haven currency like Swiss Franc (CHF). The Swiss Trade surplus widened more than expected in September. Trade Balance came in at 6,316M versus 3,814M seen in the previous month, better than the expectation of 3,770M, according to data published by the Swiss Federal Customs Administration Thursday. Additionally, Exports surged to 24,795M MoM in September from the previous reading of 20,932M whereas Imports arrived at 18,480M MoM versus 17,118M. Across the pond, Fed Chair Jerome Powell signaled a desire to pause rate hikes and watch how economic data develops in the coming months. Powell further stated that more monetary policy tightening might be appropriate if there are more indications about above-trend growth or if the labor market stops easing. His dovish comments weigh on the Greenback and act as a headwind for the USD/CHF pair.
Long
by Chart_MasterPro
CHF is becoming a new carry trade object?“CHF is now becoming an attractive funding currency,” said Kit Juckes, chief FX strategist at Societe Generale London. SNB officials are wise enough to know that not meeting a rate hike from the ECB won't help the franc, but I'm sure they feel comfortable as long as it doesn't go too far.” The SNB decided to keep interest rates unchanged at 1.75% amid concerns that the 11% increase in CHF against USD since November is reducing growth prospects, however, this also helps Switzerland control inflation. .
Long
by Chart_MasterPro
USDCHF Long Term Buying 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
Long
by ForexPlanet20
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
Long
by ForexPlanet20
USDCHF Buyers in Control! Orderblock Setup {21/08/2023}Educational Analysis says USDCHF trade set up according to my technical. This is not an entry signal. I have no concerns with your profit and loss from this analysis. Why this setup? Because USDCHF break downward facing top trendline in a 4-hour time frame which was respected by sellers for a very long time. The market is bearish but due to changes in structure and character market is riding a bull run by buyers. The parallel channel shows there has been liquidity generated by the stop loss of retail traders. and Plus there double-bottom liquidity has been generated to doom retail traders. The market will come down to collect it and maybe we see a reversal after that. The Market is currently reaching towards the Latest Short side of Orderblock to Move down and then maybe a reversal may happen. The black line is the Order block The RED line is high and low at the current price. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy trading, FX Dollars.
by VishalBudhrani
7 Dimension Analysis for USDCHF 🕛 Overview 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Breakout from Sideways (BoS) 🟢 Swing Move: Corrective 🟢 Inducement: Pullback, with liquidity swept by the last candle 🟢 Pullback Count: 2nd pullback, suitable for entry Extreme Order Block remains unmitigated Time Frame Confluence: Daily, Weekly, and Monthly 🟢 Internal Structure: Bullish Choch observed 🟢 Support Resistance, Supply Demand, Accumulation/Distribution, and Discounted Premier are all consistent. A Trendline breakout serves as the initial signal for entry or exit. A monthly support breakout led to price consolidation in a range, followed by a buildup post-break, which did not seem to sustain. Notable traps include a lack of follow-through after the breakout. 🟢 Chart Patterns: A reversal pattern in the form of a Double Bottom has appeared with a neckline break. 🟢 Candle Patterns: Relevance is observed at top/bottom breakouts and ongoing support/resistance areas. They are less relevant in sideways movements. The most recent 6 to 10 candles are crucial, and players in a climax act as traps. Candle size, color frequency, and bull power during consolidation are all important factors. A record session count with 6 consecutive back-to-back candles occurred, along with a Change in Guard pattern with engulfing candles. Various momentum patterns, including strict engulfing, engulfpin, and fakeout FOMO, have formed in the same area. A blended combo of 2/3 candle classic hammer is evident, and a Tower Bottom is potentially forming, pending confirmation from today's breakout. 3️⃣ Volume: Big volumes are observed at the beginning or end of moves, while volume remains stable during the move. The breakout had no significant volume, but a massive volume was added in the range, indicating a potential reversal. 4️⃣ Momentum RSI: 🟢 Zone: The RSI is currently in a sideways zone. 🟢 Range Shift: Bearish to Sideways 🟢 Divergence: A regular 5-candle bullish divergence from the bottom indicates added strength in momentum. 🟢 Oversold Rejections: Count of 1 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band: Resistance, with doji rejection requiring close monitoring. 🟢 Walking on the Band: Just finished this move; price may undergo a correction or reversal. 🟢 W Pattern: Initial formation is complete, and price could move towards the corrective target. 6️⃣ Strength ADX: Bears are currently in power, but the appearance of the first curve in the trendline suggests a potential change. 7️⃣ Sentiment ROC: The rate of change indicates that CHF is stronger than USD, suggesting a potential correction rather than a reversal based on all studies. ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bullish Choch ☑️ Current Move: Impulsive with valid hourly high ✔ Support Resistance Base: Not specified in the analysis. ☑️ Candles Behavior: After a Record Session Count, back-to-back bullish longwick candles suggest bullish momentum for correction. ☑️ Final Comments: Consider buying for correction target. 💡 Decision: Buy 🚀 Entry: 0.8736 ✋ Stop Loss: 0.8542 🎯 Take Profit: 0.8899 😊 Risk to Reward Ratio: 1:2 🕛 Expected Duration: 5 Days Summary: The analysis indicates a bearish swing structure with an impulsive corrective move and potential for a bullish Choch. Various chart patterns and candlestick formations, along with volume and momentum factors, suggest the possibility of a correction. A professional trader may consider a buy entry with appropriate risk management in place. The expected duration for the trade is 5 days, with a risk-to-reward ratio of 1:2. if you like and learn analysis like a profession can contact me
Long
by Optimum369