USDCHF.1.MINI trade ideas
Weekly Forex Forecast: Last Show For 2024Dec 30th to Jan 3rd.
USD is still strong, and so are the indices. I will be looking for buys until there is a significant bearish Break of Structure.
A strong USD is a headwind for Gold, Silver and the other metals. It is also a headwind for GBP, EUR and the other majors. USDCHF, USDCAD and USDJPY should see some upside.
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Could the price reverse from here?The Swissie (USD/CHF) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which has been identified as an overlap support.
Pivot: 0.9037
1st Support: 0.8921
1st Resistance: 0.9157
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?USD/CHF is reacting off the resistance level which is a pullback resistance, a reversal from this level could indicate a double top pattern which might lead to a potential price drop to our take profit.
Entry: 0.9020
Why we like it:
There is a pullback resistance level.
Stop loss: 0.9065
Why we like it:
There is a resistance level at the 138.2% Fibonacci extension.
Take profit: 0.8962
Why we like it:
There is a pullback support level that line sup with the 50% Fibonacci retracement.
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USDCHF Is Nearing The Weekly ResistanceHey Traders, in tomorrow's trading session we are monitoring USDCHF for a selling opportunity around 0.90800 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.90800 support and resistance area.
Trade safe, Joe.
Sell usdchefThe mark zone is a weekly and daily resistant it is likely to hold and reverse the price for the bull it takes for a long time
USDCHF Buying opportunity Looking at the USDCHF exchange rate you might see that the price reached support level. There might be short term uptrend following the previous highs.
Take Profit 1 - 0.89772
Take Profit 2 - 0.90195
Stop Loss - 0.88858
USDCHF maintains long positionOn the daily chart, USDCHF maintains a good upward trend. Currently, we can pay attention to the support near 0.8956. If it falls back and stabilizes, we can consider continuing to buy. The upper resistance is around 0.9050. After breaking through, the upper resistance is around 0.9158. If the price falls below the support near 0.8900, the bullish trend will be temporarily suspended.
USD/CHFPretty simple setup here with great RR. All important timeframes are bullish so I will be looking for buys off of the weekly zone that price is currently sitting in. I just need my LTF entry signal and I will take the position.
Tuhiro - USDCHF Short from double top patternUSDCHF have three pattern, firts pattern is Rising Wedge, Elliot Wave, and double top give inform will be bearis. i put the target take profit 0.88305 and stop lost at 0.90250.
USDCHF H4 I Bearish ContinuationBased on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 0.9011, which is a swing high resistance.
Our take profit will be at 0.89-8, an overlap support close to the 38.2% Fibo retracement.
The stop loss will be placed at 0.9091 that aligns with the 161.8% Fibo extension
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USDCHF Is Close To An Important Support!!Hey Traders, in this week we are monitoring USDCHF for a buying opportunity around 0.89500 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.89500 support and resistance area.
Trade safe, Joe.
WHY THE SWISS FRAN MAY STRENGTHEN AGAINST THE DOLLAR THIS WEEKAs financial markets gear up for the final trading week of the year, the Swiss Franc (CHF) has emerged as a potential outperformer against the US Dollar (USD). This projection is underpinned by a confluence of macroeconomic, geopolitical, and market-specific dynamics that favor the safe-haven Swiss currency.
The Safe-Haven Appeal of the Swiss Franc:
The Swiss Franc’s reputation as a safe-haven currency is one of its strongest drivers. Amid global economic uncertainties—ranging from lingering concerns about China’s economic recovery to geopolitical tensions in Eastern Europe—investors have increasingly turned to the CHF to safeguard their capital. With the US Dollar also serving as a safe-haven, the competition between the two often hinges on relative economic and monetary policy dynamics.
Central Bank Policies: Diverging Paths:
Recent monetary policy signals from the Swiss National Bank (SNB) have been critical in bolstering the CHF. While the SNB has indicated a willingness to maintain a cautious approach to interest rates, its prior hawkish stance has already anchored the Franc’s value. The SNB’s commitment to curbing inflation, alongside its readiness to intervene in foreign exchange markets, underscores its proactive strategy to protect the Franc from excessive depreciation.
In contrast, the Federal Reserve has signaled a more measured approach. Despite robust US economic performance, the Fed’s reluctance to commit to further rate hikes has tempered the Dollar’s momentum. This divergence in monetary policy trajectories provides an edge to the Swiss Franc, especially as the market anticipates potential recalibrations from the SNB in response to inflationary trends.
US Economic Data and Dollar Weakness:
The strength of the US Dollar has been contingent on a stream of positive economic data. However, recent indicators suggest a mixed picture. Slower-than-expected growth in key sectors, coupled with softer inflation metrics, has raised questions about the sustainability of the Dollar’s rally. Any further signs of economic deceleration in the US could diminish the Dollar’s appeal, indirectly supporting the CHF.
Global Factors at Play:
The broader global economic backdrop also plays a significant role. China’s faltering economic recovery has heightened concerns about global demand, indirectly boosting safe-haven currencies like the CHF. Furthermore, persistent geopolitical risks, such as tensions in the Middle East and ongoing uncertainty in Ukraine, continue to drive risk-averse behavior in financial markets.
CONCLUSION : A Favorable Week for the Franc?
While the trajectory of the Swiss Franc this week will depend on several variables, the currency’s fundamental strength appears intact. The interplay of SNB policy, US economic data, and global risk sentiment creates a conducive environment for CHF appreciation. However, the market remains susceptible to surprises, and a sudden shift in sentiment could alter these dynamics.
For now, investors eyeing the Swiss Franc should remain vigilant, balancing the currency’s historical safe-haven appeal with the nuanced realities of an evolving macroeconomic landscape.
TRADE IDEA OF THE WEEK:
SELL USD/CHF
Short USD/CHFToday i have placed a short trade on USF/CHF stop loss placed at 0.896 TP 0.8915
I believe this to be a slightly risky play but i think it has broken out of the upwards trend and will head towards the resistance as indicated.
USDCHF Buy ForecastUSDCHF New Forecast
The breakout looks strong as the price has been rejecting on the resistance zone multiple times in the past before the breakout occurred. Pullback to the resistance zone that was broken which is now support is interesting. Let's see how this plays out.
USDCHFThis week's forecast is for the price to fall to the zone between 0.88117 and 0.87764, retesting the pivot at 0.87920, where we will find the EMA200 and EMA55.
USD/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
USD/CHF is making a bullish rebound on the 1H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 0.890 level.
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USD/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are targeting the 0.888 level area with our long trade on USD/CHF which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
Bullish bounce?The Swissie (USD/CHF) is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 0.8868
1st Support: 0.8775
1st Resistance: 0.9019
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
