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Usdchflong

USDCHF intraday dips attract buyers.USDCHF - Intraday - We look to Buy at 0.9371 (stop at 0.9347) Our short term bias remains positive. Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. Preferred trade is to buy on dips. There is no clear indication that the upward move is coming to an end. Daily signals for sentiment are at oversold extremes. Our profit targets will be 0.9431 and 0.9441 Resistance: 0.9430 / 0.9450 / 0.9470 Support: 0.9420 / 0.9400 / 0.9380 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
USDCHF - CURRENT SITUATION#USDCHF - At this point, USDCHF is going down a bit. But with US PMI DATA and LABOR DATA being POSITIVE, USDCHF was BUY until last Friday. And FED UPDATES were very NEGATIVE. Hence, the CHF automatically rose against the USD in the previous days. Anyway, SWISS NATIONAL BANK has come out of NEGATIVE RATES. Anyway, RETAIL SALES POSITIVE came in US. - Currently, the MARKET is becoming RISK ON and USD is a bit WEAK because of that. Anyway, the FED MEETING is scheduled to be held today. Yesterday US CPI data was NEGATIVE. That's why USD was WEAK yesterday. - There is definitely a high possibility that USDCHF will go UP a little more and move to the 0.9462 LEVEL. US CPI DATA is scheduled to be released today. It will definitely make USD PAIRS VOLATILE. Anyway, USDCHF price can go down to 0.8899 level after FED EVENT. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
USDCHF has turned positive.USDCHF - Intraday - We look to Buy at 0.9275 (stop at 0.9249) Short term bias has turned positive. The bullish engulfing candle on the daily chart is positive for sentiment. Prices dipped lower and stalled at support in early trade. Further buying pressure led to a reversal in price action. We look for gains to be extended today. Our outlook is bullish. Preferred trade is to buy on dips. 20 4hour EMA is at 0.9274. Our profit targets will be 0.9340 and 0.9350 Resistance: 0.9319 / 0.9332 / 0.9350 Support: 0.9290 / 0.9275 / 0.9260 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
ArmanShabanTrading |🟢 USDCHF : Another Bull Run ? Let's SeeAs you can see, after the last analysis of USDCHF and the target that we considered, I was expecting a price correction, and it started correcting exactly from the same price range and fell to the level of 0.92! Now, if the price stabilizes above 0.92, we can expect growth up to 0.931 as the first target and 0.932 to 0.933 as the second target! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 02.21.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
Long
by ArmanShabanTrading
15
USDCHF Multi-time frame analysis This is a top-down analysis on USDCHF Monthly Chart Analysis: On the monthly chart, we can see that USDCHF has been in a downtrend since 2001 until 2011, where it formed a bottom and has been ranging since then. The range has been established between 0.8700 and 1.0300. The price action has been oscillating within this range for over a decade now, which suggests that the market is indecisive about the direction of the pair. Weekly Chart Analysis: On the weekly chart, we can see that USDCHF has been trading in a range for the last 5 years, with no clear direction. The range has been well-defined between 0.9400 and 1.0200. Within this range, we can see some minor trends on lower timeframes, but they are not strong enough to break the range boundaries. Daily Chart Analysis: On the daily chart, we can see that USDCHF has been oscillating within a narrower range between 0.9500 and 0.9900 for the last few months. We can observe some minor trends on this timeframe, but they are not strong enough to break the range boundaries. The recent price action has been choppy, with no clear direction. 4-Hour Chart Analysis: On the 4-hour chart, we can see some short-term trends within the range boundaries. The recent price action shows some bullish momentum as the price broke above the 0.9800 resistance level. However, the price is currently trading below the 0.9900 resistance level, which suggests that the market is still indecisive about the direction of the pair. Conclusion: USDCHF has been trading in a range for over a decade now, with no clear direction. Traders who are looking for a trending market may find it challenging to trade this pair. However, traders who are comfortable trading ranges can find some opportunities within the range boundaries on lower timeframes. Currently, the pair is showing some bullish momentum, but the market is still indecisive about the direction of the pair. Therefore, traders should be cautious and wait for a clear break of the range boundaries before taking any significant trading positions. If you find this enlightening, please like and comment below
by Popeson
📌 Potential BUY setup for: USD/CHF👩🏽‍💻Technical: Over the past three months, the price of USD/CHF has been on a decline due to a weaker US dollar caused by lower inflation and expectations of lower interest rates. However, it appears that the price has found a strong bullish momentum from the 0.91155 level. The price is currently developing a bullish hammer on the weekly TF, which indicates a potential shift in the trend. On the 4 hour chart, the price has recently bounced, with both MAs additionally adding up to a confirmation list for a potential buy. 🎯 For an ideal entry: The price must break the channel and break above the resistance as I marked in the photo, push > exhaustion scenario and that would conclude that the breakout is confirmed.
Long
by fxtraderkristina
1