USD_CHF LOCAL LONG|
✅USD_CHF has retested a key support level of 0.8820
And as the pair is already making a bullish rebound
A move up to retest the supply level above at 0.8880 is likely
LONG🚀
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USDCHF
USD/CHF Simple Trading PlansUSD weakness stemming from a more dovish fed has taken us straight back to previous long-side 'demand' areas.
Storming back into these areas on strong sentiment does not normally warrant large sized longs.
Hold off, or make it small. Lower areas preferred.
Re-shorts only higher as drawn.
USDCHF Sellers In Panic! BUY!
My dear subscribers,
My technical analysis for USDCHF is below:
The price is coiling around a solid key level - 0.8874
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 0.8891
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
Market Analysis: USD/CHF Regains StrengthMarket Analysis: USD/CHF Regains Strength
USD/CHF is rising and might aim a move toward the 0.9000 resistance.
Important Takeaways for USD/CHF Analysis Today
- USD/CHF is showing positive signs above the 0.8900 resistance zone.
- There is a major bullish trend line forming with support at 0.8910 on the hourly chart at FXOpen.
USD/CHF Technical Analysis
On the hourly chart of USD/CHF at FXOpen, the pair started a decent increase from the 0.8820 support. The US Dollar climbed above the 0.8870 resistance zone against the Swiss Franc.
The bulls were able to pump the pair above the 50-hour simple moving average and 0.8900. Finally, the pair tested the 0.8925 zone. A high was formed near 0.8923 and the pair is still showing signs of more upsides. It is testing a major bullish trend line with support at 0.8910.
On the upside, the pair is now facing resistance near 0.8925. The next major resistance is at 0.8940. The main resistance is now near 0.8950. If there is a clear break above the 0.8950 resistance zone and the RSI remains above 50, the pair could start another increase. In the stated case, it could test 0.8980.
If there is a downside correction, the pair might test the 23.6% Fib retracement level of the upward move from the 0.8821 swing low to the 0.8923 high at 0.8900.
The first major support on the USD/CHF chart is near the 50% Fib retracement level of the upward move from the 0.8821 swing low to the 0.8923 high at 0.8870. A downside break below 0.8870 might spark bearish moves. The next major support is near the 0.8845 pivot level. Any more losses may possibly open the doors for a move toward the 0.8820 level in the near term.
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.
Market Analysis: EUR/USD Trims GainsMarket Analysis: EUR/USD Trims Gains
EUR/USD started a fresh decline below the 1.0900 support.
Important Takeaways for EUR/USD Analysis Today
- The Euro struggled to clear the 1.0950 resistance and declined against the US Dollar.
- There is a key bearish trend line forming with resistance at 1.0870 on the hourly chart of EUR/USD at FXOpen.
EUR/USD Technical Analysis
On the hourly chart of EUR/USD at FXOpen, the pair failed to clear the 1.0950 resistance. The Euro started a fresh decline below the 1.0900 support against the US Dollar.
The pair declined below the 1.0875 support and the 50-hour simple moving average. Finally, the pair tested the 1.0840 level. A low was formed at 1.0841 and the pair is now consolidating losses. The pair is showing bearish signs, and the upsides might remain capped.
Immediate resistance on the upside is near the 23.6% Fib retracement level of the downward move from the 1.0896 swing high to the 1.0841 low at 1.0855.
The next major resistance is near the 1.0870 zone or the 50-hour simple moving average. It is close to the 50% Fib retracement level of the downward move from the 1.0896 swing high to the 1.0841 low. There is also a key bearish trend line forming with resistance at 1.0870.
An upside break above the 1.0870 level might send the pair toward the 1.0900 resistance. Any more gains might open the doors for a move toward the 1.0950 level.
On the downside, immediate support on the EUR/USD chart is seen near 1.0840. The next major support is near the 1.0810 level. A downside break below the 1.0810 support could send the pair toward the 1.0765 level.
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.
USD-CHF Falling Resistance Ahead! Sell!
Hello,Traders!
USD-CHF went up but
Will soon retest a falling
Resistance level and
After the retest we will be
Expecting a local move down
Sell!
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Check out other forecasts below too!
USDCHF - LOOKING BULLISH!hi traders! looking at this pair gives me a reason to enter into buys, as we can see clearly that
the weekly trend has broken in the past around 21st march and has retested a strong support level on the daily dating back in june. in my eyes i'm looking for buys! what do you think? share your ideas with me! thank you!
USDCHF Potential DownsidesHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.89400 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89400 support and resistance area.
Trade safe, Joe.
USDCHF → A retest of trend resistance. Probable rebound FX:USDCHF strengthened as the Swiss franc went into correction due to the actions of the central bank, which is trying to protect the currency from excessive strengthening.
Technically, the dollar is in the phase of correction, which may stop in the near future and the index may go back to the strengthening phase, but against this background the Swiss franc growth looks stronger, as this currency is considered as a hedge asset, which just in the crisis times was used by investors.
Technically, as long as the structure of the downtrend is not broken and a false break of resistance is formed, I would consider a bounce from the upper boundary of the channel to the zone of interest at 0.8885.
Resistance levels: 0.9010, 0.9050
Support levels: 0.892, 0.885
Bears can hold the resistance of the downtrend. The fundamental backdrop is still the same and in general may be maintained for some time, which may allow us to catch a downward movement to the mentioned target
Regards R. Linda!
USDCHF - UniverseMetta - Analysis#USDCHF - UniverseMetta - Analysis
Continuation of the trend - a potential 5th wave; an ABC structure may form and allow the price to continue its momentum towards the level of 0.92250. In order not to increase risks, it is better to consider exiting when the support level consolidates or breaks through. Local targets 0.89505. Next, a correction may form, and volumes can be increased for further upward movement.
Target 0.89505 - 0.92800
Bearish reversal?USD/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8914
Why we like it:
There is a pullback resistance level which aligns with the 61.8% Fibonacci retracement.
Stop loss: 0.8969
Why we like it:
There is a pullback resistance level.
Take profit: 0.8835
Why we like it:
There is a pullback 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.
USDCHFUSDCHF price is near the support zone 0.88204 and 0.87972. If the price cannot break through the level of 0.87972, there is a chance that the price will rebound. Consider buying in the red zone.
>>GooD Luck 😊
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*Always follow your trading plan regarding entry, risk management
USDCHF SELL OPPORTUNITY 4HR TIMEFRAMEOverall trend is a downtrend. Candlestick trend break of structure to downside now. Expecting liquidity grab and entry at supply zone (0.89500). Targeting price to break the next lower low order flow (0.88170).
USDCHF The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for USDCHF below:
The price is coiling around a solid key level - 0.8897
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal -0.8946
Safe Stop Loss - 0.8865
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
USDCHF: USD May Weaken Against The ClassicHey Traders, in today's trading session we are monitoring USDCHF for a selling opportunity around 0.89500 zone, USDCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 0.89500 support and resistance area.
Trade safe, Joe.
USDCHF: Multiple Rejections, Strong Bullish Leg ExpectedPrice has recently rejected support on multiple occasions, and a double bottom pattern appears to be emerging on the daily (D) timeframe. Additionally, multiple rejections on the 4-hour (4H) timeframe further strengthen our bullish bias. I expect the price to continue in a strong upward trajectory.
**Rationale:**
~ Breakout of Descending Channel (D)
~ Retest of Support (D)
~ Break of Uptrend line (D)
~ Double Bottom Pattern (D)
~ Retest of Support (4H)
~ Rejection Candlesticks (4H)
**Disclaimer:**
My trading ideas are market predictions and therefore should be viewed as such. As an intraday trader (scalper), I use my observations to identify potential trade opportunities on the higher time frames. I then aim to pinpoint key entry points on the lower time frames. Entries should always be verified by additional confirmations.
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#scalping
#intraday
USD/CHF Bearish Gartley Pattern Indicates Potential DowntrendThe USD/CHF currency pair is forming a Bearish Gartley Harmonic Pattern, signaling potential downward movement. This pattern is aligning with a key resistance area, adding further confluence to our bearish outlook.
Key Resistance and Trendline Confluence:
Price action has shown a strong rejection at a key resistance level, which coincides with a downward trendline and the 78.6% Fibonacci retracement level. This confluence of technical indicators strengthens our bearish sentiment for the USD/CHF pair.
Entry and Stop Loss:
Given the current market conditions and the formation of the Bearish Gartley Pattern, our entry point is set at 0.89442. To manage risk, a stop loss is placed at 0.89864, slightly above the resistance area to account for potential market fluctuations.
Take Profit Levels:
We have identified three key take profit levels based on historical support areas and Fibonacci extensions:
TP-1: 0.89020
TP-2: 0.88598
TP-3: 0.88176
Analysis Summary:
The alignment of the Bearish Gartley Harmonic Pattern with the key resistance area, trendline, and the 78.6% Fibonacci level provides a high-probability trading opportunity. The rejection at these confluences suggests potential bearish momentum, making this a suitable trade setup with well-defined entry, stop loss, and take profit levels.
Traders should monitor the price action closely around these levels to adjust positions as necessary.
USDCHF: Your Trading Plan Explained 🇺🇸🇨🇭
USDCHF looks quite oversold after the yesterday's bearish rally.
The price is stuck on a key daily support at the moment.
My confirmation to buy the pair will be a bullish breakout
of a neckline of a double bottom formation on a 4H time frame.
A 4H candle close above 0.885 will confirm a violation.
A bullish continuation will be expected at least to 0.8874 then.
If the price sets a new lower low lower close on a 4H,
the trading setup will become invalid.
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USDCHF: 4-Hour Short Trade around 0.8996/0.90012 ZoneLast week's ICMARKETS:USDCHF price action formed a lower low and close, indicating potential for continued downward movement. The high test bar observed a week prior further supports this bearish sentiment.
The daily chart shows erratic price action, particularly last Thursday, suggesting a bearish range. We plan to enter a 4-hourly short trade from the top of this range, specifically at the 0.89962/0.90012 zone, for a better risk-reward ratio compared to the 0.89644/0.8970 zone.
We'll wait for the price to reach our level around 0.89962/0.90012 . If it doesn't, we'll remain patient and look for another opportunity rather than rushing the trade.
Our stop loss will be placed above 0.90061 to manage risk effectively. The profit target is set at last week's low around 0.89258/0.89161 , aligning with the bearish trend.
Potential bullish rise?USD/CHF has just bounced off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.8827
Why we like it:
There is a pullback support level.
Stop loss: 0.0.8786
Why we like it:
There is a pullback support level.
Take profit: 0.8886
Why we like it:
There is a pullback resistance 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.
USDCHF H4 | Bearish reversalBased on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8891, which is a pullback resistance and a 50% Fibonacci retracement.
Our take profit will be at 0.8836, a multi-swing low support level.
The stop loss will be at 0.8949, a pullback resistance level.
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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.
USD/CHF Analysis: Bearish Trend and Potential Reversal ZonesThe USD/CHF continues to decline and may encounter its first support in the demand area around the 0.8800 level. This ongoing downward movement has prompted us to close a previous short position on this pair, which you can find linked below.
Recently, the Swiss National Bank (SNB) reduced its key interest rate by 25 basis points for the second consecutive meeting in June. This decision was influenced by subdued inflationary pressures and the resilience of the Swiss Franc, contributing to the current bearish trend in USD/CHF. The rate cut underscores the SNB’s efforts to stimulate the economy amidst low inflation, which in turn has strengthened the Franc.
Looking ahead, the bearish pattern in USD/CHF may persist until the first week of August. However, we are closely monitoring potential reversal zones. The next key demand areas, as indicated in the chart, could provide opportunities for a reversal if the bearish trend loses momentum.
Traders should remain vigilant and watch for any signs of a trend change, particularly around these demand areas. Identifying these zones is crucial for planning potential entry and exit points in anticipation of a market reversal.
For further details and to review our previous short position, please refer to the link below.
✅ Please share your thoughts about USD/CHF in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
USD/CHF Dips as Strong Swiss GDP Data Boosts FrancThe USD/CHF pair experienced notable selling pressure around the 0.9100 mark on Thursday during early European trading hours. This downward movement was primarily driven by the Swiss Franc (CHF) gaining traction following the release of a stronger-than-expected Gross Domestic Product (GDP) report for Switzerland in the first quarter (Q1) of 2024. As a result, the USD/CHF pair is currently trading 0.35% lower for the day.
Switzerland's economy continued to show resilience and growth in Q1, as reported by the State Secretariat for Economic Affairs (SECO) on Thursday. The country's GDP increased by 0.5% quarter-over-quarter (QoQ), which exceeded both the previous quarter's growth of 0.3% and market expectations. On a year-over-year (YoY) basis, the GDP figure rose to 0.6%, outperforming the market consensus of 0.5%. This strong economic performance provided substantial support to the Swiss Franc, consequently driving the USD/CHF pair down to its weekly lows.
The positive GDP data highlights the underlying strength of the Swiss economy, suggesting robust economic activity despite global uncertainties. The stronger economic performance is likely to influence the Swiss National Bank's (SNB) monetary policy stance, potentially leading to a more hawkish outlook, which further supports the CHF.
From a technical perspective, the USD/CHF pair shows signs of a potential bearish reversal. On higher timeframes, a divergence has been observed, indicating that the recent price action might not be sustainable. The pair has also reached a significant demand area, as identified in the red rectangle, which has historically acted as a support zone. This confluence of technical factors suggests that the USD/CHF pair may be poised for further downside movement.
Additionally, the broader market sentiment and the performance of the US Dollar (USD) also play a crucial role. The USD has faced pressure from mixed economic data and shifting expectations regarding the Federal Reserve's monetary policy. If the US economic indicators continue to show signs of slowing growth or if the Federal Reserve adopts a more dovish stance, the USD could weaken further, adding to the bearish outlook for the USD/CHF pair.
Given these fundamental and technical factors, we are looking for a bearish setup on the USD/CHF pair. Investors and traders should closely monitor upcoming economic data releases, particularly from Switzerland and the United States, as well as any statements from central bank officials, which could provide further insights into the potential direction of the pair.
In summary, the combination of strong Swiss economic performance, technical indicators pointing to a potential reversal, and the broader market dynamics suggests that the USD/CHF pair may continue to face downward pressure. This creates an opportunity for traders to consider bearish strategies, taking advantage of the current market conditions.
