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U.S. Dollar / Swiss Franc

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USDCHF trade ideas

USDCHF 2024.10.21 01:45:05 Trading Signal BUY FrankPro Signal for USDCHF Type: Screen Signal: BUY TP: 0.86846 SL: 0.86438 Entry Price: 0.86489 Flexity Analysis for USDCHF Forecast Overall(Short-Term, Long-Term): ST=Probably Up LT=Strong Up Forecast Methods(Short-Term, Long-Term): ST=Up LT=Up ST=Down LT=Up ST=Up LT=Up FlexityIndicator Analysis Method(0) USD/CHF Currency Pair Analysis Short-term Analysis (Next Few Days) Key Points Analysis Resistance Zone The pair has broken the resistance zone between 0.8600 and 0.8673, which is expected to accelerate the upward movement. Technical Outlook The technical outlook indicates a bullish potential direction, with the overall momentum remaining bullish. Key Resistance Level The key resistance level at 0.8730 is expected to be reached, and the pair may continue its positive trading. FX Option Expiries The significant FX option expiries at 0.8675 could influence price movements, but the overall trend is expected to remain upward. Expected Short-term Price Movement: UP Long-term Analysis (Next Few Weeks/Months) The US Dollar's strength, driven by strong labor and inflation data, is expected to continue supporting the pair's upward movement. The Swiss Franc's downside could be limited due to safe-haven flows amid rising Middle-East tensions, which may slow down the pair's upward movement but not reverse it. The stability of the Swiss economy and its dependence on the Eurozone economies will also play a role in the Swiss Franc's valuation, but the overall trend is expected to remain upward. Expected Long-term Price Movement: UP Note: The analysis is based on the provided data and forecasts, but it's essential to keep in mind that market conditions can change rapidly, and unexpected events can impact the currency pair's price movement. Result: ST=Up LT=Up FlexityIndicator Analysis Method(1) USD/CHF Market Analysis Short-term Outlook (Next Few Days) Key Points Expectations Temporary Correction Price expected to test support area near 0.8605 Risk of Pullback Potential correction down to 0.8574 to fill chart gap Trend Change Confirmation Break below 0.8541 needed to confirm change in trend Overall Outlook Slightly bearish, but with potential for quick rebound Long-term Outlook (Next Few Weeks/Months) Key Points Expectations Upward Trend Continuation Targeting levels such as 0.8855 Bullish Momentum Technical indicators suggest bullish momentum, with rebound from bullish trend line on RSI and lower border of bullish channel Breakout Above Consolidation Range Potential breakout above 0.8572, with rise to levels such as 0.8647 and potentially higher to 0.8740 Overall Outlook Bullish, with potential for significant growth Summary Short-term correction possible, but long-term outlook is bullish Potential for significant growth in the long-term Result: ST=Down LT=Up FlexityIndicator Analysis Method(2) USD/CHF Pair Predictions Short-term (next few days) Prediction Target Notes Price expected to go up 0.8730 Potential target as the pair has broken through the resistance zone Bearish correction possible 0.8605 Support area that could provide a buying opportunity Breakout confirmation 0.8675 Would confirm the growth scenario Long-term (next few weeks/months) Prediction Target Notes Price expected to go up 0.8855 Improved US Treasury yields and strong US labor and inflation data supporting the US Dollar Upside limitations Swiss Franc's safe-haven demand due to rising tensions in the Middle East and potential rate cuts by the SNB Key Takeaways The USD/CHF pair is expected to maintain its bullish momentum in both the short-term and long-term. Potential corrections and limitations due to economic and geopolitical factors. Monitor economic and geopolitical data releases, such as the Swiss Trade Balance and US Retail Sales data, which could impact the pair's valuation. Result: ST=Up LT=Up
Long
by orbborisson
2
USDCHF to continue in the upward move?USDCHF - Intraday Our short term bias remains positive. The sequence for trading is higher highs and lows. Previous resistance at 0.8635 now becomes support. We look to buy dips. Risk/Reward would be poor to call a buy from current levels. 20 1hour EMA is at 0.8641. We look to Buy at 0.8642 (stop at 0.8614) Our profit targets will be 0.8712 and 0.8727 Resistance: 0.8669 / 0.8680 / 0.8700 Support: 0.8635 / 0.8615 / 0.8600 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USD/CHF looks set to leap out the gatesUSD/CHF has performed well since its latest rebound from 0.84, a level some analysts suspect prompts the SNB to intervene when prices cross beneath it. but unlike USD/JPY, its rally hasn't stalled near a big round number such as 150 or look overextended. The daily RSI (14) is confirming the rally and not in the overbought zone. The USD-CHF 2-year spread has accelerated higher ahead of prices to suggest upside pressure could be building for USD/CHF. And a solid bullish trend is apparent on the 1-hour chart, prices are consolidating above the weekly R1 pivot point and trades around the 20-hour EMA. on balance volume (OBV) is also confirming the bullish trend on the 1-hour chart. Bulls could seek dips towards the weekly R1 pivot or enter around current levels in anticipation of an upside break of its consolidation. The weekly R1 makes a viable upside target, a break above which brings the R3 into focus around 0.8690.
Long
by CityIndex
2
Bullish momentum to extend?USD/CHF has reacted off the support level which is a pullback support and could rise from this level to our take profit. Entry: 0.8634 Why we like it: There is a pullback support level. Stop loss: 0.8606 Why we like it: There is an overlap support level that aligns with the 38.2% Fibonacci retracement. Take profit: 0.8713 Why we like it: There is a pullback resistance level that is slightly below the 78.6% Fibonacci projection. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
1
CPI to Knock It Off - Reentry USD: - Undervalued according to many market internals - CPI Beat - Monster jobs data (NFP, Unemployment, etc.) - USD held well on Fri-Mon so the last mixed data (Initial claims beat - dovish) was shrugged off. CHF: - Generally, the franc is too expensive for SNB's liking - Bearish Internals Technical & Other Setup: S(B) Setup timeframe: 1h Trigger: 15m Medium-term: Range Long-term: Down Min target: Aug highs/DMA(100) Stop loss: 0.17% Position size: 0.5R
Long
by Cherry94
1
USDCHF Is Bullish! Long! Take a look at our analysis for USDCHF. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 0.862. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.865 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
2