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USDCHF: Strategies Amidst Contrasting Economic LandscapesAttention Traders, In today's trading session, our sights are set on USDCHF, where a potential buying opportunity looms around the 0.90150 zone. USDCHF currently rides an uptrend but undergoes a corrective phase, edging closer to the pivotal 0.90150 support and resistance juncture. Adding depth to our analysis, the fundamental landscape underscores the bullish prospects for USDCHF. The US Dollar stands as one of the top performers, fueled by the recent Non-Farm Payrolls (NFP) report surpassing expectations. Furthermore, amidst market uncertainty, investors seek refuge in the USD's safe-haven status, contributing to its strength. Notably, tomorrow brings a crucial event on the economic calendar: the release of the Consumer Price Index (CPI). Should CPI data unveil a hotter-than-expected figure, it could ignite a surge in USDCHF, amplifying the pair's upward trajectory. Conversely, the Swiss National Bank (SNB) adopts a dovish stance, given easing inflation in Switzerland. This contrast in monetary policies between the Federal Reserve and the SNB further bolsters USDCHF's bullish sentiment. As we navigate these dynamics, it's vital to remain vigilant and adaptable. USDCHF's potential buying opportunity at 0.90150 presents a compelling prospect amidst a backdrop of shifting fundamentals and market uncertainties. Trade prudently, Joe.
Long
by JoeChampion
A NOKout in round 1 - Why the NOK will win 2024Over the past two years, the Norwegian krone has undoubtedly been one of the big losers in the FX market. Not only has it embarrassingly been constantly beaten up even against the EUR and traded at an all-time low, no, since November 2022 it has bottomed vs. ALL G10 currencies. This was hardly surprising as almost all fundamental factors spoke against the NOK. However, the tide will turn dramatically in 2024: NOK positive: ➡️ Energy prices appear to have bottomed out and could rise again🟢 ➡️ The oil price seems to be stabilising around the USD 60-70 mark and could rise in the event of a soft landing🟢 ➡️ January and February are seasonally positive for the NOK🟢 ➡️ Norges Bank surprised EVERYONE in December by raising interest rates again🟢 ➡️ Norges Bank enters 2024 as one of the hawkishest of the G10 central banks ➡️ A further rate hike by Norges Bank in early 2024 cannot be ruled out🟢 ➡️ It would raise interest rates while virtually all other central banks would be in rate cut mode🟢 ➡️ Norges Bank will drastically reduce its NOK purchases from January (as previously announced by me in the NOKSEK Tradeidee ), see here:
Short
by PrimeTrading
2
EURCHF: Channel Down top. Sell.EURCHF is approaching the top of the multi year Channel Down pattern with 1D on bullish technicals (RSI = 66.643, MACD = 0.006, ADX = 55.830) but with a weekly chart almost overbought. The 1D RSI has already posted its first LL which suggest an underlying Bearish Divergence. We turn bearish on this pair targeting the 0.5 Fibonacci (TP = 0.9600) like the previous corrective wave did. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDCHF continues to hold back the bears.USDCHF - 24h expiry 0.9000 continues to hold back the bears. We look to buy dips. Posted a Double Bottom formation. 0.8998 has been pivotal. Daily signals are bullish. We look to Buy at 0.9003 (stop at 0.8977) Our profit targets will be 0.9068 and 0.9078 Resistance: 0.9060 / 0.9075 / 0.9095 Support: 0.9040 / 0.9020 / 0.9000 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
Buy CHFJPY Triangle BreakoutThe CHF/JPY pair on the M30 timeframe presents a potentially interesting situation with a triangle breakout pattern. Potential Long Trade : Entry: Above the broken resistance line of the triangle, ideally around 167.60 after confirmation. Target Levels: 168.75: This represents the height of the triangle, measured from the apex (highest or lowest point) to the base (opposite trendline), projected upwards from the breakout point. 169.18: This is a further extension of the upside target, based on the height of the recent price movement. Stop-Loss: Place a stop-loss order below the broken resistance line of the triangle, ideally around 167.45. This helps limit potential losses if the price fails to break out and reverses downwards. Thank you.
Long
by KABHI_TA_TRADING
7
Swiss Franc can exit from pennant and try to break support levelHello traders, I want share with you my opinion about Euro. Looking at the chart, we can see how the price some time ago broke the support level, which coincided with the buyer zone and rose a little higher, after which CHF made a retest to the 0.8840 level. Then, the price entered an upward pennant and made at once strong impulse up from the support line to the current support level, which coincided with the support area, but when CHF reached this level, it made a fake breakout and fell below. After this, the Swiss Franc in a short time rose back to the 0.9000 level and broke it, after which continued to move up. But soon, the price rebounded down to the support area, where it some time traded and then rose to the resistance line of the pennant. Next, CHF turned around and declined back to the support area, where at the moment, it continues to trades near the support level and line of pennant. In my opinion, the Swiss Franc can rise from the support line to almost the resistance line of the pennant and then rebound down to 0.8935 points, thereby exiting from this pattern and breaking the current support level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
Fundamental Factors: SNB vs. Federal Reserve DynamicsGreetings Traders, In tomorrow's trading session, our focus is on USDCHF, with a keen eye on a potential buying opportunity around the 0.90000 zone. Currently, USDCHF is entrenched in an uptrend but undergoing a corrective phase, nearing the significant support-turned-resistance level at 0.90000. Adding depth to our analysis, a fundamental layer underscores our bullish stance on further upsides for USDCHF. One primary factor driving this conviction is the contrasting monetary policies between the Swiss National Bank (SNB) and the Federal Reserve. In the United States, inflation remains a pressing concern, prompting the Federal Reserve to maintain a vigilant stance. This commitment to combating inflation is expected to lend support to the US Dollar. Conversely, the SNB has adopted a dovish stance, particularly in response to easing inflationary pressures in Switzerland. This dovish approach may entail accommodative monetary policies, such as maintaining negative interest rates or intervening in currency markets to curb Swiss Franc strength. Given this backdrop, the divergence in monetary policy trajectories between the two central banks is likely to favor USDCHF bulls. The combination of a proactive Federal Reserve and a dovish SNB sets the stage for potential appreciation in the USDCHF pair. As always, thorough risk management and adherence to trading strategies are paramount in navigating market dynamics. Wishing you success in your trading endeavors!
Long
by JoeChampion
2
Uchf seeing potential topping off from D1 key zoneHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Potential flipping on the h4, if it doesn't probably gonna continue its upwards move. Watch on its crosses too . Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
USDCHF to breakdown?USDCHF - Intraday The bearish engulfing candle on the 4 hour chart is negative for sentiment. 0.8999 has been pivotal. A break of bespoke support at 0.9000, and the move lower is already underway. We look for losses to be extended today. A higher correction is expected. We look to Sell a break of 0.8998 (stop at 0.9030) Our profit targets will be 0.8918 and 0.8908 Resistance: 0.9030 / 0.9050 / 0.9070 Support: 0.9000 / 0.8970 / 0.8945 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.
Short
by OANDA
AUDCHF 1D Golden Cross signaling a decline. Best sell in market.The AUDCHF pair has just formed a Golden Cross on the 1D time-frame but even though it is theoretically a bullish structure, it hasn't historically behaved as such for this pair. We view its effect on the 1W time-frame in order to go as back in time as possible and get conclusions. In the past 10 years (since the May 2014 1D Golden Cross, which was bullish) there have been 5 such formations, all of which made the pair peak either before or on the Cross and delivered a Lower Low, in some instances even with brutal sell-offs. In the last 2 occurrences, the 1D Golden Cross started Channel Down declines that both hit at least the 1D MA200 (orange trend-line) again before any trend change. As a result, we comfortably turn bearish now on AUDCHF, targeting the 1D MA200 by August. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
AUD/CHF Possible Bearish Scenario Today, the RBA meeting spoke neutrally about AUD. Without any possible Hawkish scenarios, AUD is not bullish nor bearish either. But since USD is wiping every minor currency in the market, AUD has been affected too. Currently, We are bearish on AUD/CHF. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by fortunamarkets
EURCHF: Very Bullish Outlook 🇪🇺🇨🇭 EURCHF is trading in a strong bullish trend on a daily. After the pair set a new higher high, it retraced to a solid rising trend line. Analyzing the reaction of the price to that, I spotted a double bottom pattern on a 4H time frame. With the release of CHF/EU fundamentals this morning, the pair successfully violated its neckline. We can expect a bullish movement at least to 0.9773 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
USDCHF in 2023 with a rather erratic downtrendIn Q1, two central banks that have previously used negative interest rates made surprising decisions. The Bank of Japan exited negative rates, while the Swiss National Bank (SNB) unexpectedly cut their benchmark interest rate. The SNB may continue to ease further due to low inflation forecasts and weak growth. In contrast, the Fed wants more confidence in consistent inflation towards the 2% target before taking action. CONTRASTING FUNDAMENTALS PRESENT AN OPPORTUNITY FOR OANDA:USDCHF IN Q2 The SNB's rate cut may prompt other central banks to do the same. While the Swiss Franc may face currency depreciation, Switzerland's low inflation justifies the decision to cut rates. The strong franc makes Swiss exports less competitive than goods from countries with a weaker exchange rate. Switzerland can handle any imported inflation resulting from the rate cut due to low inflation levels, but it is unlikely to be significant given the small 25 basis point cut. CENTRAL BANK POLICY COULD EXTEND BULLISH OANDA:USDCHF SETUPS IN Q2 Market expectations foresee a strong chance (78%) of another 25-bps rate cut from the SNB in June and if the likelihood of that second cut gains momentum, perhaps on softer inflation or weaker GDP, the franc may depreciate further as markets price in such an outcome. The Fed maintained their projection of three rate cuts for 2024. The Fed's dot plot, based on the median value of 19 estimates, suggests hesitation in easing financial conditions due to strong US data. If the data remains strong, the dollar may be supported in Q2. THE TRADE: LONG OANDA:USDCHF UPON IMPROVED ENTRY POINT USD/CHF spent most of 2023 trending lower in a rather choppy fashion, but at the turn of the new year fortunes reversed. The pair traded higher and eventually broke above trendline resistance on the back of the surprise cut by the SNB. The guidance to this trade suggests looking to enter the developing uptrend at a better level due to the sharp ascent at the end of Q1. Another sign to wait for a better entry level appears via the rejection of higher prices at the 38.2% Fibonacci retracement of the 2023 decline. A move back down to 0.8829 would reveal a retest of trendline support (prior resistance), whereafter, a bullish continuation may provide a higher probability trade. A level to consider includes 0.9085 which serves as a tripwire for continued bullish price action. Thereafter, upside targets comprise of 0.9245 and 0.9473. A retest of the late 2023 low would invalidate the bullish setup.
Long
by Xayah_trading
HelenP. I Swiss Franc can rebound from support level to $0.9075Hi folks today I'm prepared for you Swiss Franc analytics. Some time ago price made little correction movement, after which turned around and in a short time rose to support 2, which coincided with the support zone and started to trades in this area. Later, CHF broke support 2 and made a retest, after which rebounded and tried to rise more but failed and declined back to support 2, which moment coincided with the trend line. Then the price rebounded from this line and made impulse up to support 1, which coincided with one more support zone and even entered to this area, but at once turned around and quickly declined below. But some time later, CHF finally broke support 1, made a retest, and continued to rise to 0.9070 points, after which and recently fell to the support zone, which coincided with the trend line. Now, the price continues to trades near this line and I expect that Swiss Franc will fall to the support level and then rebound up. For this reason, I set my target at the 0.9075 level. If you like my analytics you may support me with your like/comment ❤️
Long
by FirstNameHelen
Sell NZDCHF Rising WedgeThe NZD/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a rising wedge pattern. This pattern, despite an initial upward angle, is often seen as a bearish reversal signal. Key Points: Rising Wedge Breakout: The price has been trading within a rising wedge pattern characterized by converging upward trendlines. While the initial trend appears bullish due to the rising trendlines, this pattern can often be a bearish reversal signal. The recent break below the lower trendline signifies a potential confirmation of a downtrend continuation. Sell Entry: Consider entering a short position around the current price of 0.5425, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: The initial bearish target lies at 0.5390, which represents the support level before the wedge formation. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the wedge, ideally around 0.5445. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you
Short
by KABHI_TA_TRADING
1
USDCHF: Overbought and at the top of the Channel Down.USDCHF is overbought on the 1D technical outlook (RSI = 74.650, MACD = 0.007, ADX = 47.655) as it hit the top of the yearly Channel Down. That is exactly on the 0.786 Fibonacci retracement level, where the LH prior was always priced, also after an approximately +8.50% rise. The 1D RSI is making a reversal inside the overbought zone and we are about to form a 1D Golden Cross, which last time emerged after the LH was made. This is a strong bearish signal combination. First we are targeting the 0.618 Fibonacci (TP1 = 0.8600) and if by then the price remains under the 1D MA50, we will extend selling to the bottom of the Channel Down (TP2 = 0.82500) going the full -9.40% distance. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
CHFJPY Hit the 1D MA200 after 1 year!The CHFJPY pair almost hit the 172.500 Target that we set on our previous call (December 19 2023, see chart below): Since then it has pulled back significantly, giving rise to a new Channel Up pattern. The major development is that it is about to touch the 1D MA200 (orange trend-line) for the first time since April 06 2023. We are prepared to buy after it breaks, at the bottom (Higher Lows trend-line) of the Channel Up, or if the 1D RSI hits the bottom of its Channel Down first, and target the Higher Highs at 173.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
EURCHF Wait for the perfect long-term Sell.The EURCHF pair is trading within a Channel Down pattern since the September 26 2023 Low. The current Bullish Leg is approaching the first 1D Golden Cross since February 06 2023, which was formed after the last Lower High on the 1.5 Fibonacci extension. That (Fib 1.5 ext) is the ideal sell entry, which is currently at 0.9900 but the Risk/ Reward Ratio is good enough for a long-term sell even on the current levels. Our Target is the Channel's median at 0.95650, a little over the 0.618 Fibonacci level. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
NZDCHF Possible Sells ?I'm probably crazy, Yeah I know What's up folks Brandon here. Today I have some possible sells on NZDCHF, I think sells just make overall sense as none of the data I have taken in builds my confidence in a buy. Furthermore it feels like a buy seems to obvious. I am extremely cautious of when a set up feels obvious. I like to go against the grain, and No that doesn't mean I am simply interested in doing the exact opposite of what I think everyone is doing. It simply means trying to have my own opinion, one that isn't afraid of being judged because it is different. I'm not here to be liked, I'm here to win trades, and even if this trade doesn't win, that's fine there will be others, at least I know I've tried to have a unique perspective on what it is I am seeing Let's see what happens on NZDCHF in the next few hours or so
Short
by Brandon_evo4