CHFUSD trade ideas
Usdchf sell Fundamentally, CHF is showing strong indications of strength, suggesting a potential drop in USD/CHF.
From a technical standpoint, I am already in a short position from the identified supply zone, as the price action aligns with bearish momentum.
This setup is supported by both fundamental and technical confluences, increasing the likelihood of a successful trade.
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MY THOUGHTS FOR USD/CHFUSD/CHF 30M - As you can see I am wanting to see price trade us up and into this fair value gap I have marked out above before trading us lower longer term.
The reason for this is because we have recently seen price trade into a higher timeframe Supply Zone which has encouraged price to then break structure to the downside.
As a result of this, it tells us that the S&D balances in theory should be flipping and we should see the market begin to trade us bearish rather than bullish.
Following the laws of bearish structure we want to see lower highs and lower lows being printed into the market, this is why we want to see price pullback up and into the Supply Zone above, to set a Lower High, this giving us the ability to enter into the market with a refined entry.
USD/CHF H4 | Falling to overlap supportUSD/CHF is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 0.9076 which is an overlap support that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 61.8% retracement levels.
Stop loss is at 0.8992 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is at 0.9187 which is a multi-swing-high resistance.
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USDCHF AT A CRUCIAL POINT!Price currently trades at 0.91595 here’s a crucial juncture where price might continue to trade higher or make some kind of correction. USD has been strong for a while now technically & fundamentally. This week we have PPI & CPI report. We’d anticipate some high volatility around the current price level. It’s important to approach the market with proper trade plan and risk management
USDCHF FORECASTThis pair is look very interesting for the potentials that might come ahead. I need to look this pair with a close eye because everything is looking good . I just need to wait only for confirmation in lower timeframe.
What I can say guys is, try to understand how to do multi timeframe analysis. Because by doing so, you will get to know where does the market likely to go, this will help you to avoid unnecessary loses.
USDCHF POSSIBLE SELL The market is currently testing the current Weekly area.
Based on Daily AND 4HR TF, the market seems to be forming a possible reversal pattern which could lead to a possible SHORT TERM SELLING OPPORTUNITY.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
USD/CHF Outlook: Bearish Shift ExpectedHello,
FX:USDCHF has experienced further upside, but downside is still expected. CHF maintains a stable monetary policy with a favorable risk stance, though economic data is mixed. Despite this, its safe haven status is influenced by regional factors, with a shift into bearish territory anticipated soon.
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Franc rallies as Tensions RisesAs Global Tensions Rise we see an asurge of one of the classical safe havens, along with diminishing bullish pressure of the USD, we anticipate a decline int this pair to as low as 0.840 and we might even see a historic down to 0.810!! in late spring
Important levels 0.920/0.890/0.8720/0.840
USDCHF Wave Analysis 13 January 2025
- USDCHF broke resistance level 0.9130
- Likely to rise to resistance level 0.9225
USDCHF currency pair recently broke the resistance level 0.9130, which stopped the previous impulse wave i at the start of January, as can be seen below.
The breakout of the resistance level 0.9130 accelerated the active impulse wave iii, which belongs to the higher impulse waves 3 and (3).
Given the sharp daily uptrend, strongly bullish US dollar sentiment, USDCHF currency pair can be expected to rise to the next resistance level 0.9225 (former multi-month high from April of 2024 and the target for the completion of the active wave 3).