USDCHF Short - When the masses are long...No higher high, topped out on a monday and built a beautiful obvious uptrend. Flush it!
USDCHF trade ideas
USDCHF Double Top USDCHF double top right before CHF news. I anticipate downward movement from this pair the whole day. Sell now and take profit at 0.8222. This is a swing trade and the motion starts here
USDCHF may jump upto orderblock with news!USDCHF was in a strong downtrend for few months and finally started to move after bouncing back from support level. We see an order block on the monthly support, and a change of trend after retesting the support level.
We see back to back two 4h Liquidity Candle formation signaling potential uptrend to next order block where downtrend started.
News may provide further strong fuel to the upside, a possible bullish trade is high probable
USDCHF H4 | Bullish Reversal Based on the H4 chart analysis, the price is in a bullish momentum. Wait for the price to pullback to our sell entry at 0.8509, which serves as a pullback support.
Our take profit will be at 0.8583, a pullback resistance level close to 50% Fibo retracement.
The stop loss will be at 0.8452, an overlap support level.
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Potential bullish rise?USD/CHF has reacted off the pivot which acts as an overlap support and could rise to the pullback resistance.
Pivot: 0.8502
1st Support: 0.8444
1st Resistance: 0.8569
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Analysis for SeptemberAnalysis for the month of September
we hope the dxy reaches level 103 to 104
in GBPUSD and EURUSD we bring a bearish trend
USD/CHF1. clear downtrend
2. support zone was broken, price is retesting the zone as resistance for the second time
3. bearish engulfing candle on 1h
USD/CHFTechnical Analysis: USD/CHF
A short term transaction
Entry prices:
0.88634
Profit limit:
0.88999
0.89383
Loss limit:
0.88283
Before using this signal and analysis, be sure to check your analysis chart.
Attention!!!
In these analyses, only technical analysis is considered
Therefore, be sure to check the initial news before entering.
Attention!!!
If the trading symbol of the bank is closed, do not trade that symbol!!
Attention!!!
100% does not exist in financial markets
So don't enter this signal hoping for a definite profit
USD/CHF Recovery Gains Momentum on Robust US Growth DataThe USD/CHF pair continued its recovery on Monday, trading around the 0.8517 level. This uptick in the pair is largely driven by a stronger US Dollar (USD), which gained momentum following stronger-than-expected US economic growth data.
The recent Gross Domestic Product (GDP) report revealed that the US economy expanded more rapidly than anticipated in the second quarter, reducing market expectations for a larger 50 basis points (bps) rate cut by the Federal Reserve (Fed) in September. According to the second estimate released by the Bureau of Economic Analysis (BEA) last Thursday, the US GDP grew at an annualized rate of 3.0% in Q2, up from the initial estimate of 2.8%. Additionally, US Initial Jobless Claims fell to 231,000 for the week ending August 24, slightly below the projected 232,000, further supporting the Greenback.
From a technical perspective, the USD saw a significant rebound after touching our identified Demand area, where the price swiftly reversed direction. This area has proven to be a strong support level, reinforcing the bullish momentum. Moreover, the latest Commitment of Traders (COT) report highlights a marked bearish sentiment among retail traders, which, when combined with the Demand area, signals a potential continuation of the long setup.
In summary, the combination of robust US economic data, a resilient Demand area, and the bearish positioning of retail traders suggests that the USD/CHF pair may continue its upward trajectory in the near term. Traders should keep an eye on this setup as it could present further opportunities for long positions.
PREVIOUS FORECAST
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USDCHF - 4hrs ( Buy Trade Target Range 200 : 400 PIP ) Pair Name : USD/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
———————————
Bullish Break
0.85200 Area
Reasons
- Major Turn level
- Visible Range Hvn
- inner Trend
- Fixed Hvn
- Pattern Break
- Day High Break
- Fibo Golden
Bearish Reversal
0.86400
Bearish Reversal
0.89000
USDCHF - ANALYSISHello friends
I want to share with you my opinion about the Swiss Franc
What I see in the chart, I expect to move down a little more, that is, to the area of 0.84750 , and the currency of that area to move towards my main target, which is 0.86300 .
Don't forget that Swiss CPI will be published on Tuesday and it can cause big fluctuations in the chart
Trade safe
USDCHF FORECASTThe Swiss Franc resurgence across the board can no longer be ignored. Week 1 of September 2024, we are waiting for the release of key macroeconomic data from Switzerland (CPI) and USA (NFP).
As it is, the Swiss Franc is stronger across major currencies and we can only expect its resurgence to continue. Presently, USDCHF is yet to give a clear direction.
should the NFP data come out weaker, we expect USDCHF to break lower as indicated by the blue path then rally to the unmitigated supply zones.
In the event NFP comes out better than expected, we expect increased uncertainty and volatility, price is expected to rally without forming new lows as indicated by the orange and the red paths.
It is important to note that, should price rally to the unmitigated zone around 1.015 and fail to break higher, a head and shoulder formation would be complete indicating a future price drop
USDCHF**USDCHF:**
This week's forecast will be for the price to fall to the bottom created last week for a retest to reverse the trend after.
USD/CHF Bullish Setup: Harmonic Pattern & RSI Divergence AlignedThe USD/CHF pair is currently exhibiting a Bullish Bat Harmonic Pattern on the daily chart, which is aligned with a key support area. This setup suggests potential bullish momentum in the coming sessions, supported by multiple technical indicators.
Harmonic Pattern Analysis:
The Bullish Bat Harmonic Pattern is identified, signaling a potential reversal from the current downtrend. The pattern aligns perfectly with a significant support zone, increasing the probability of a bullish reversal. This convergence of harmonic patterns and key support areas often leads to a high-probability trade setup.
Key Support and Rejection:
The price has shown a strong rejection at the key support level of 0.85115, further solidifying the bullish outlook. The rejection at this level suggests that buyers are stepping in, preventing the price from falling further. This support level has historically acted as a pivotal zone for USD/CHF, adding credibility to the current bullish scenario.
Bullish RSI Divergence:
Adding further confluence to our bullish sentiment is the Bullish RSI Divergence observed on the daily timeframe. As price made lower lows, the RSI indicator formed higher lows, indicating a potential reversal in the trend. This divergence reinforces the likelihood of an upward movement in the USD/CHF pair.
Trade Setup:
Entry: 0.85115
Stop Loss: 0.83985
Take Profit Levels:
TP-1: 0.86245
TP-2: 0.87375
TP-3: 0.88505
Conclusion:
The confluence of the Bullish Bat Harmonic Pattern, key support level, and Bullish RSI Divergence provides a compelling case for entering a long position on USD/CHF. The outlined trade setup offers a favorable risk-to-reward ratio, with clear levels to manage the trade effectively. Traders should monitor price action around the entry point to confirm the bullish momentum before executing the trade.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Trading in the forex market involves significant risk, and it is essential to conduct your own analysis before making any trading decisions.
USDCHF BUY SIGNAL FALLING WEDGE PATTERNHere on Usdchf price has form a falling wedge and there is a high chance of moving up if line 0.86349 is broken so it expected to go for LONG and targeting profit should be around 0.90562 level . Use money management
USDCHF M30 I Bearish Drop Based on the M30 chart analysis, we can see that the price has just reacted off our sell entry at 0.8503, which is an overlap resistance.
Our take profit will be at 0.8477, a support level.
The stop loss will be placed at 0.8510, which is a multi-swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider.You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 59% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Heading into 50% Fibonacci resistance?USD/CHF is rising towards the resistance level which is an overlap resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8562
Why we like it:
There is an overlap resistance that aligns with the 50% Fibonacci retracement.
Stop loss: 0.8630
Why we like it:
There is an overlap resistance level which is slightly above the 61.8% Fibonacci retracement.
Take profit: 0.8445
Why we like it:
There is an overlap support level.
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.
USD/CHF: Jordan’s Final Moves as SNB Chief Switzerland's Consumer Price Index (CPI) for August is forecast to show a year-over-year increase of 1.2%, down from 1.3% in July. On a month-over-month basis, CPI is expected to rise by 0.1%, rebounding from the prior month’s 0.2% decline.
The figures, due on Tuesday, come as Swiss National Bank (SNB) President Thomas Jordan recently acknowledged the challenges posed by the strong Swiss franc on the nation’s industry.
Speculation is mounting over whether the central bank will respond with a 50-basis-point rate cut in September or intervene in the currency markets to ease pressures.
Bear in mind, Jordan, who has steered the SNB for over a decade, will step down at the end of September 2024, marking the end of an era for Swiss monetary policy.
On the daily chart, we can see that USDCHF broke the August low last week. The near-term resistance is possibly around 0.8590,
UsdChf Long The upward movements in the DXY have finally started to push USD/CHF higher, albeit with a delay.
Whether this move is a correction or a trend reversal will be determined by the non-farm payroll data to be released on Friday. Until the data is released, our first target is the intersection of the main trend channel and the 38.2% Fibonacci retracement zone. If this resistance is broken, we could see an increase towards the resistance at the intersection of the previous peak and the 50% Fibonacci retracement level.
We will reassess the trend based on the non-farm payroll and hourly earnings data.
USDCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
USDCHF outlookI am not trading USDCHF (I only trade GBPUSD), but I made an outlook of what to expect for the coming weeks.
We confirmed a 30m bos which creates buying interest. Previous structure low is taken out so major liquidity is taken while mitigating from a strong demand. A break on the 1H TF would give more confluence although this has not happened yet.
If price fails to break the 1H structure, a buy order can still be placed due to the fact that m30 is broken, with the intention to rise higher.
Keep in mind that price always does whatever it wants, a liquditity run to the downside (before going up) is still possible as HTF is still bearish for me.
Target: T.b.c. as this can be a swing trade
