Get started

U.S. Dollar / Swiss Franc

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDCHF trade ideas

Swiss franc dips as Swiss GDP declinesThe Swiss franc is down for a second straight trading day.  In the European session, USD/CHF is trading at 0.8980, up 0.38% on the day. The Swiss economy slowed to 0.2% q/q in the fourth quarter of 2024, down from 0.4% in Q3 and in line with expectations.  This was the weakest expansion since Q2 2023.  Construction weakened in the fourth quarter but manufacturing and exports rebounded from the previous quarter.  Annualized, GDP rose 1.5%, down from 1.9% in Q3, the softest expansion in three quarters. The weak GDP data supports the case for the Swiss National Bank to lower interest rates.  The central bank is in the midst of an easing cycle and showed its aggressive side in December when it chopped rates by 50 basis points, bringing the cash rate to 0.50%. The SNB only meets on a quarterly basis, magnifying the importance of each meeting.  The next meeting is on March 20 and the markets have priced in a 25-bps cut at close to 100%.  There are two key factors that Bank policymakers will be looking ahead of a rate decision - inflation levels and the exchange rate. Inflation has fallen by 0.1% for four consecutive months and is putting pressure on the SNB to continue lowering rates.  The next inflation report is on March 5 and another soft report would cement a rate cut at next month's meeting.  The SNB also uses monetary policy to ensure that the Swiss franc is not too strong, which would hurt the export sector. The US releases second-estimate GDP for the fourth quarter of 2024 later today. The initial estimate came in at 2.3%, down from 3.2% in the third quarter. The US economy remains strong and inflation has been largely contained. The Federal Reserve is expected to cut rates this year only once or twice, unless the economic data does not evolve as expected. USD/CHF is testing resistance at 0.8992.  Above, there is resistance at 0.9018 0.8969 and 0.8943 are providing support
by OANDA
USDCHF sideways ahead of US GDP figuresThe USDCHF currency pair price action sentiment appears bullish, supported by the longer-term prevailing uptrend. The recent intraday price action appears to be a sideways consolidation. The key trading level is at 0.8946, the previous consolidation price range, and the rising support trendline zone. A corrective pullback from the current levels and a bullish bounce back from the 0.8946 level could target the upside resistance at 0.9033 followed by the 0.9050 and 0.9087 levels over the longer timeframe. Alternatively, a confirmed loss of the 0.8946 support and a daily close below that level would negate the bullish outlook opening the way for a further retracement and a retest of 0.8913 support level followed by 0.8860. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
USD/CHF H4 | Rising into 61.8% Fibonacci resistanceUSD/CHF is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 0.8995 which is a multi-swing-high resistance that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 0.9040 which is a level that sits above the 78.6% Fibonacci retracement and a pullback resistance. Take profit is at 0.8918 which is a multi-swing-low 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. 63% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% 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.
Short
by FXCM
USD/CHF Market Analysis – 1H Timeframe📉 USD/CHF Market Analysis – 1H Timeframe 📊 Current Price: 0.89450 🔍 Market Structure: Bullish Reversal Setup 📌 Key Levels: 🟢 Demand Zone (Support): • 0.89139 - 0.89335 🔴 Supply Zones (Resistance): • 0.90892 - 0.90933 • 0.91171 - 0.91228 • 0.91441 - 0.91552 📈 Entry Plan – Long Setup 🔹 Buy Zone: 0.89139 - 0.89335 (Fib 0.618 - 0.786) 🎯 Target: 0.91171 - 0.91228 ⚠️ Key Observations: • Market is reacting to a strong demand zone. • Expecting a bullish push towards liquidity zones. • Break above 0.91552 may indicate a trend continuation. #FXFOREVER #USDCHF #SmartMoney #SMC #Liquidity #OrderBlock #Forex #Trading
Long
by FXFOREVER_87
USD/CHF Poised for a Bullish Reversal at Key SupportThe USD/CHF pair is currently trading near a significant support level around 0.8950, with bullish signals emerging. The harmonic Bat pattern suggests a potential reversal, aligning with historical price reactions at similar levels. Additionally, the presence of green buy markers and RSI indicators approaching oversold conditions indicate possible upward momentum. If price sustains above the 0.8950 region, a bullish move towards 0.9000 and beyond could unfold, with further resistance around 0.9120. Confirmation of reversal signs, such as bullish candlestick formations and RSI divergence, will strengthen the case for a recovery.
Long
by BeaucoupPips
4