Swissy nearing critical resistance Intraday Update: The Swissy is nearing the 38% retracement at the .8737 level which will be a key resistance as it was previous support back in February and March of this year.
USDCHF trade ideas
USD/CHF Rises Over 2.5% in a WeekUSD/CHF Rises Over 2.5% in a Week
As indicated by the USD/CHF chart today, the rate is around 0.868 francs per US dollar, although it dropped below 0.85 last Monday.
The main driver of this surge in volatility (with the ATR indicator reaching its highest point since March 2023) was the decline in the Japanese stock market, which we covered twice last week: here and here. Market participants were actively buying the Swiss franc as a “safe haven” asset. However, when the Nikkei 225 (Japan 225 on FXOpen) began to recover from its nine-month lows, demand for the franc weakened.
Technical analysis of the USD/CHF chart shows that:
→ The price has extended the descending channel (shown in red). The line that provided support as the lower boundary of the channel from April to July has now become the median, and resistance can be expected from it.
→ Additionally, resistance might be provided by the black trendline, which became relevant in July.
→ From another perspective, the A-B-C-D-E structure resembles a bullish formation, where the size of the downward retracement is approximately 50% of the previous upward impulse.
And what about the fundamental backdrop?
Perhaps the most significant event of the week will be the US Consumer Price Index data for July on Wednesday (at 15:30 GMT+3), which is expected to show a slight increase in monthly inflation. This is no longer seen as a major concern. According to Reuters, Timothy Graf, senior macro strategist at State Street, said: “Inflation is no longer the problem it once was.”
Given these factors, there is reason to believe that in the coming days, the USD/CHF rate may stabilise around the red median line, after which a new impulse might form on the chart, signalling a reaction to the release of the US inflation news.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USDCHF rising wedge patternUSDCHF is making rising wedge pattern on hourly chart price is rising making higher highs and lower lows.
USD/CHF: Liquidity Grab at 0.84323 Signals Long SetupThe USD/CHF pair recently grabbed liquidity at the 0.84323 level, aligning with a significant demand area, which has sparked a potential reversal. Following this initial reversal impulse, we are closely monitoring this zone for a long entry.
The liquidity grab at 0.84323 is noteworthy, as it indicates a possible shift in market dynamics, with a strong buying interest emerging at this critical level. This demand area has historically provided robust support, making it a key level to watch for a sustained upward move.
Our analysis of the supply and demand dynamics supports the case for a long position. The current market structure suggests that the demand zone at 0.84323 is poised to hold, providing the foundation for a bullish continuation. Additionally, the seasonal trends for USD/CHF historically favor upward movements during specific periods, further reinforcing the potential for a price surge.
The Commitment of Traders (COT) report adds another layer of confirmation to this setup. The data indicates that large traders and institutions have begun accumulating long positions in USD/CHF, signaling growing confidence in a potential upward trend.
Given the confluence of the liquidity grab at 0.84323, the strong demand area, supportive seasonal trends, and bullish signals from the COT report, we are looking to go long on USD/CHF. The technical and sentiment indicators suggest a favorable environment for a price surge, making this a promising opportunity for traders.
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USD/CHF Day Trading analysisOn USD/CHF, it's nice to see a strong buying reaction at the price of 0.85770.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Let's Be Ready for This Week Trading USDCHFLet's Looking USDCHF Chart and Prepare for Trading in This Week, Good Luck With Your Trades :D
USDCHF Medium cycleUSDCHF is in a trading range
the resistance level of trading range is 0.8592-0.8620.
why here is a resistance ?
-because its first try to revers trend after bearish trend.
the buyers on this level bought USDCHF but now they are at loss so in this level they will sell to compensate for the loss.
-also here is a TP for buyers that they bought on 0.844.
and you can see the weakness of the bullish candles.
they're getting smaller.
when i trade?
when i see a candle stick on the resistance level i will trade it.
its just my personal comment please don't trade whit this.
thanks for your attention.
Usdchf forecast Hi my friends. We have engulf below of the chart and downtrend will start from reversal zone
USDCHF H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 0.8631, which is an overlap support.
Our take profit will be at 0.8699, which is a pullback resistance level and close to 61.8% Fibo retracement.
The stop loss will be placed at 0.8562, which is an overlap support level.
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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.
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USDCHF Is Approaching An Interesting SupportHey Traders, in tomorrow's trading session we are monitoring USDCHF for a buying opportunity around 0.86200 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.86200 support and resistance area.
Trade safe, Joe.
USD/CHF: Strong Bearish Outlook as Pair Hits 6-Month LowHello Everyone,
USD/CHF has reached our previous stated bearish goal for this pair, and has hit a new 6 month low @ 0.84325. For this pair, a continuation of the bearish movement is expected even though it has seen recent new lows. It is testing the the 1W PP at the moment and it is yet to be seen if the 1W PP will act as resistance or support. However longterm projection here is strongly bearish!
TradeWithTheTrend3344
Breakout trend resetTrend line analysis shows we’ve had a break of trend. I believe we will see it enter back into trend soon
USDCHF: Bearish Continuation is Highly Probable! Here is Why:
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the USDCHF pair price action which suggests a high likelihood of a coming move down.
❤️ Please, support our work with like & comment! ❤️
Scalping M15 - M1Bullish trend
BOS M30 with HID demand
discount zone go to LTF - CHoCH and GOOOO
zzz
USD/CHF BUY LIMITTechnical analysis and reason for entry:
1- A positive hormonal pattern that supports the rise on the daily frame
2- Trend on the hourly frame
3- The emergence of strong demand areas on the 1-hour and 4-hour frames
⚠️ The areas must be handled with caution and strong capital ⚠️
USDCHF Technical Analysis and Trade Idea 👉 🔍 In this video, we take a closer look at the USD/CHF pair, which has recently displayed bearish momentum. It has retraced significantly and is now facing a key resistance level. Based on this, I anticipate further downside potential.
However, it's important to remember that these insights are speculative and not a definitive forecast. It's essential to confirm specific price movements before making any trading decisions, as discussed in the video. The video offers an in-depth analysis of the current trend, market structure, and price dynamics. Keep in mind that this educational content aims to enhance understanding and does not guarantee results. Trading involves substantial risks, so employing sound risk management strategies is crucial. 📈🔔
Bullish bounce off 38.2% Fibonacci support?USD/CHF is falling toward the pivot which has been identified as an overlap support and could reverse to the 1st resistance which acts as a pullback resistance.
Pivot: 0.8564
1st Support: 0.8501
1st Resistance: 0.8652
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USDCHF H4 I Bullish Bounce Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 0.8576, which is an overlap.
Our take profit will be at 0.8699, which is a pullback support level close to 61.8% Fibo retracement.
The stop loss will be placed at 0.8447, an overlap support
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. 68% 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. 73% 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.
USDCHF BUY SETUPBullish morning star formed at this level of demand on the daily closing back above structure. Looking for the pull back for the next potential buy opportunity
USD/CHF Rebound Pulls RSI Above 30USD/CHF appears to be defending the January low (0.8401) as it extends the rebound from the monthly low (0.8433), with the Relative Strength Index (RSI) climbing above 30 to indicate a buy signal.
USD/CHF Rate Outlook
USD/CHF snaps the recent series of lower highs and lows as it trades to a fresh weekly high (0.8662), with a breach above 0.8700 (61.8% Fibonacci extension) bringing the monthly high (0.8788) on the radar.
A break/close above the 0.8770 (61.8% Fibonacci extension) to 0.8800 (50% Fibonacci extension) region brings the 0.8880 (38.2% Fibonacci retracement) to 0.8910 (38.2% Fibonacci extension) area on the radar, but USD/CHF may struggle to retrace the decline from earlier this month should it respond the negative slope in the 50-Day SMA (0.8897).
Failure to defend the January low (0.8401) opens up 0.8360 (100% Fibonacci extension) with the next area of interest coming in around the 2023 low (0.8333).
--- Written by David Song, Strategist at FOREX.com
