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Usdchftrade

USDCHF 21May2023when the price rises more than the red line, one of the signs that a reversal has occurred. most likely is to enter in the early stages of a bullish trend. The notation of wave 1 still has the possibility of turning into a correction wave if you look at the wave structure that is occurring. but there are limits that can be ascertained, that is, the price cannot fall to the invalid area, when the price drops more than that, the bullish trend may change. look for areas to go long
by Hokusai_FX
2
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 Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Long
by ForexWizard01
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
Short
by Optimum369
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
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. US CPI DATA is scheduled to be released today. It will definitely make USD PAIRS VOLATILE. Anyway, USDCHF price can go down to 0.8899 level after FED EVENT. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall