USDCHF long trade setup Buy limit order at 0.89700.
- TP1: Set at 0.90400.
- TP2: Positioned at 0.91200.
- Stop Loss: Placed at 0.88900.
Fundamental Analysis:This trade capitalizes on a potential bullish rebound, supported by recent fundamental factors.The U.S. Federal Reserve's hawkish stance, signaling possible interest rate hikes, strengthens the U.S. dollar.Strong economic data from the United States, including robust job growth and inflation figures, bolsters the bullish outlook.Technical Analysis:Entry at 0.89700 aligns with the immediate support level.Take Profit 1 at 0.90400 targets the immediate resistance.Take Profit 2 at 0.91200 aims for a stronger resistance level.Stop Loss at 0.88900 provides risk management below a robust support zone.A favorable risk/reward profile enhances trade potential.
Usdchflong
USDCHF - Bearish price action ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for a short position. I expect bearish price action from here as price almost filled the imbalance and rejected from that zone. My target is sell side liquidity around 0.89500.
Fundamental news: Next week on Tuesday will be released monthly and yearly CPI in USA, as well on Wednesday will be released monthly PPI and Retail Sales. News with impact on USD, so pay attention to the results in order to validate the analysis.
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USD/CHF mixed move!Hello Traders
Our technical view has been shown in the chart.
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(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.)
JPMorgan: In the future, CHF might be "more expensive"JPMorgan: In the future, CHF might be "more expensive"
Although there are obstacles that could hinder the franc's ascent, they don't seem to be halting it as of now. Furthermore, even if the currency has witnessed the largest short-selling bets in the past two years as the surge continues, any increases in Middle East tensions or central bank action might drive up the price of the currency.
Following the October 7 Hamas attack on Israel, Andreas Koenig, head of global currency management at Amundi, changed his position on the franc from negative to neutral, saying that "it would be a mistake to undervalue it in the current situation."
"It was not our intention to escalate the ongoing confrontation
USDCHFUSDCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is very healthy retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea ?
Daily Wave Rider - USDCHF - BUY USDCHF
Channel: GREEN
WK Pivot: GREEN
AOB: WR1
CON: SBB
BUY Stop: 0.91150
Stop Loss: 0.90693
TP01: 0.91607
DWR present as a buy setup on 2 NOV, with Channel and Pivot are green bouncing off weekly resistance
However, trade is not taken/considered
SPX500: NEUTRAL
DXY: SELL
OIL: BUY
GOLD: BUY
USDCHF: The USD fell on hopes that the Fed would stop raising inAs traders reinforced their wagers that the Fed would stop hiking interest rates, the USD index and dollar index futures both dropped 0.5% in Asian trading, prolonging losses from the previous day.
Chairman Jerome Powell adopted a less hawkish posture than markets had anticipated by admitting that monetary conditions had tightened somewhat in recent months, even as the Fed maintained interest rates unchanged as anticipated. That.
Powell does not completely rule out raising interest rates one more time. But the market saw his remarks as a signal that the Fed will no longer be raising interest rates and will probably be cutting them by the middle of 2024.
However, rates are predicted to stay over 5% until at least the end of 2024, even if the Fed decides not to raise rates any further. This implies a constrained upside.
USDCHF: The market waits for the announcement of US government Due to investor demands for compensation for interest rate and geopolitical risks, as well as worries about oversupply as the Fed tightens monetary policy, both the bond and equity markets are volatile.
Because of this, the market will be much more interested in the capital mobilization announcement on November 1st, including details about the scope and duration of the bond bidding.
According to Josh Emanuel, chief investment officer at Wilshire, "the cause of volatility in bond yields is the imbalance between supply and demand in the market today." While some believe that Fed communications are less significant than issues, I believe that both are crucial.
Swiss Franc Rides High on Investor Flight to Safety?Investor flight to safety might provide a favorable outlook for the Swiss franc this week.
Swiss franc against the USD and GBP might be the most interesting considering the Fed and the Bank of England (BoE) hold their policy meetings this week, where they are both expected to keep rates exactly where they are. These pauses by the Fed and BoE might contrast too sharply with the Swiss National Bank (SNB), whose Vice-Chairman made some hawkish comments over the weekend, pushing back against expectations that the SNB is done with its rate hikes, and cause some rumblings in the USDCHF and GBPCHF.
Investor risk-aversion has already caused the Swiss franc to hit a high not seen since 2015 against the Euro. Euro Area inflation is also due this week, so this pair might also be appropriate to watch this week.
Regarding the Middle East conflict, latest developments have seen Israeli Prime Minister Benjamin Netanyahu deny they would agree to ceasefire, drawing parallels to US retaliation to the terrorist attacks of 9/11. In this way, we might expect drawn out conflict, and the desirability of the Swiss franc rising.
USDCHF - Bullish OutlookUSDCHF - Elliott Wave Count
USDCHF - the market seems completing the 4th wave. once its completed we can expect an impulse wave 5 upside. if the price breaks below 50% Fibonacci level this view considered as invalid.
Please exercise caution when trading as this information is for educational purposes only.
FX:USDCHF OANDA:USDCHF FOREXCOM:USDCHF PEPPERSTONE:USDCHF EIGHTCAP:USDCHF FX_IDC:USDCHF CAPITALCOM:USDCHF
USDCHF: USD/CHF breaks 2-day losing streak, stays above 0.8900, The USD/CHF pair snaps a two-day losing streak during the early European session on Friday. The pair currently trades near 0.8927, up 0.15% on the day. Meanwhile, the escalating geopolitical tension between Israel and Hamas might benefit to the safe-haven currency like Swiss Franc (CHF).
The Swiss Trade surplus widened more than expected in September. Trade Balance came in at 6,316M versus 3,814M seen in the previous month, better than the expectation of 3,770M, according to data published by the Swiss Federal Customs Administration Thursday. Additionally, Exports surged to 24,795M MoM in September from the previous reading of 20,932M whereas Imports arrived at 18,480M MoM versus 17,118M.
Across the pond, Fed Chair Jerome Powell signaled a desire to pause rate hikes and watch how economic data develops in the coming months. Powell further stated that more monetary policy tightening might be appropriate if there are more indications about above-trend growth or if the labor market stops easing. His dovish comments weigh on the Greenback and act as a headwind for the USD/CHF pair.
USDCHF - Look for a short ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a strong bearish market structure from 4H timeframe perspective, so I am looking for a short position. I want price to make a retracement to fill the imbalance higher and then to reject from bearish order block.
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USDCHF: The Fed Chairman said he would proceed carefully and didChairman Jerome Powell said the Fed wants to keep interest rates unchanged at its next meeting, while leaving open the possibility of raising interest rates again in the future if policymakers see more signs of a resilient economy. .
These comments confirm market expectations that the Fed will not raise interest rates at its October 31-November 1 meeting. He also said the recent rise in long-dated bond yields, if continued, could replace a “little bit” of interest rate increases, echoing his peers and emphasizing the importance of tightening regulations. financial conditions on the interest rate outlook in the coming months.
“Given the uncertainties and risks and how far we've come, the committee is proceeding carefully,” Mr. Powell said at the Economic Club of New York. “We will make decisions on the level of further policy consolidation and how long it will remain restrictive based on the total data, outlook and balance of risks.”
The 2-year bond yield fell after Chairman Powell spoke, while the 10-year bond yield retreated from its upward momentum. The USD fell and S&P 500 stocks, after much volatility, also fell.
CHF is becoming a new carry trade object?“CHF is now becoming an attractive funding currency,” said Kit Juckes, chief FX strategist at Societe Generale London. SNB officials are wise enough to know that not meeting a rate hike from the ECB won't help the franc, but I'm sure they feel comfortable as long as it doesn't go too far.”
The SNB decided to keep interest rates unchanged at 1.75% amid concerns that the 11% increase in CHF against USD since November is reducing growth prospects, however, this also helps Switzerland control inflation. .
USDCHF: USDCHF news today October 18Most Asian currencies fell slightly on Tuesday as demand for the dollar remained steady ahead of several key US economic indicators this week, while sentiment also remained at jittery levels. Israel-Hamas war.
Data on US retail sales and industrial production will be released later in the day, while a host of Federal Reserve members will speak this week, most notably Chairman Jerome Powell on Thursday.
The data and addresses are set to provide more signals on the world's largest economy and will be closely watched after a surprise rise in US inflation over the past three months raised concerns of a The Fed is more hawkish.
The data is expected to show a sustained decline in economic growth, as the country's manufacturing and services sectors struggle with a decline in overseas demand.
The debt crisis in the real estate market is also expected to slow economic growth further, although a series of monetary stimulus measures in the past quarter may have helped offset the slump. greater growth reduction.
USDCHF: Fed officials called for a halt to interest rate increas"Small companies are really having difficulty accessing capital," Mr. Harker said on Monday (October 16).
"Some people working in the banking industry share concerns that it will be difficult for them to implement their business plans if interest rates are higher," Mr. Harker said.
“This is why the Fed should keep interest rates steady, at this time we should not be thinking about any rate hikes.”
Mr. Harker in recent months has become one of the most strongly dovish leaders, arguing that policymakers have raised interest rates high enough to contain inflation.
The central bank has raised interest rates by more than 5% since the beginning of last year. In September, officials signaled another rate hike by the end of 2023.
USDCHF POTENTIALLY GOING UP AFTER THE EXPANDING FLATThe pair has potential to move up after the expanding flat correction. I have drawn the invalidation level and the target profit zone. Personally I go for moderate take profit.
Trade with care Guys.
May the pips be with you all.
Risk management is everything.
USDCHF Long Term Buying Trading IdeaHello Traders
In This Chart USDCHF DAILY Forex Forecast By FOREX PLANET
today USDCHF analysis 👆
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