USDCHF Massive Short! SELL!
My dear subscribers,
USDCHF looks like it will make a good move, and here are the details:
The market is trading on 0.8969 pivot level.
Bias - Bearish
My Stop Loss - 0.8998
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8925
About Used Indicators:
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.
———————————
WISH YOU ALL LUCK
USDCHF
USDCHF Tests Critical Resistance on Dovish SNBHaving pivoted away from its tightening cycle in March, the Swiss National Bank delivered the second straight rate cut last week, making it a frontrunner in the shift to monetary easing. Officials also lowered their inflation forecasts, creating scope for more moves ahead. Its US counterpart on the other hand, is reluctant to pivot due to stubborn inflation and Fed officials see just one cut this year.
This monetary policy divergence is beneficial for USD/CHF, which surges after the SNB back-to-back rate cut. It now tries to take out a pivotal resistance cluster, comprising of the EMA200 (black line), the 38.2% Fibonacci of the last decline and the daily Ichimoku Cloud. Successful effort will give control back to the bulls and allow them to look towards the 2024 peak (0.9225-46), but this may prove elusive in the near term.
On the other hand, with two rate cuts already under their belt, Swiss policymakers may become less bold. Furthermore, the Fed may have adopted a higher for longer stance, but still sees less restrictive stance ahead and markets are more optimistic, pricing in two rate cuts within the year.
Overbought conditions indicated by the RSI and the aforementioned critical resistance confluence, can put pressure on USD/CHF. So a pullback that would challenge 0.8825 would not be surprising, but deeper losses towards and beyond 0.8730 are not compatible with the monetary policy dynamics.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% 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 (trading as “FXCM” or “FXCM EU”), previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this video are provided on an "as-is" basis, as general market commentary and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interests arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed via FXCM`s website:
Stratos Markets Limited clients please see: www.fxcm.com
Stratos Europe Ltd clients please see: www.fxcm.com
Stratos Trading Pty. Limited clients please see: www.fxcm.com
Stratos Global LLC clients please see: www.fxcm.com
Past Performance is not an indicator of future results.
Bearish reversal?USD/CHF is rising towards the pivot and could reverse from this level to the pullback support.
Pivot: 0.8961
1st Support: 0.8887
1st Resistance: 0.8989
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCHF: Detailed Support & Resistance Analysis 🇺🇸🇨🇭
Here is my latest structure analysis for USDCHF.
Vertical Structures
Vertical Resistance 1: Falling trend line
Vertical Support 1: Falling trend line
Horizontal Structures
Support 1: 0.882 - 0.884 area
Support 2: 0.872 - 0.875 area
Resistance 1: 0.898 - 0.902 area
Resistance 2: 0.908 - 0.911 area
Resistance 3: 0.915 - 0.916 area
Resistance 4: 0.919 - 0.922 area
Consider these structures for pullback/breakout trading.
❤️Please, support my work with like, thank you!❤️
Falling towards 38.2% Fibonacci support?USD/CHF is rising towards a resistance level which is an overlap resistance that is slightly below the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8947
Why we like it:
There is an overlap resistance which is slightly below the 78.6% Fibonacci retracement.
Stop loss: 0.8982
Why we like it:
There is a pullback resistance level
Take profit: 0.8893
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.
USDCHF The Target Is DOWN! SELL!
My dear followers,
I analysed this chart on USDCHF and concluded the following:
The market is trading on 0.8927 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 0.8883
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
USDCHFIntraday bias in USD/CHF stays on the downside for the moment. Rise from 0.8** could have been completed at 0.8**, ahead of 0.** key resistance. Further decline would be seen to 61.8% retracement of 0.8** to 0.8** at 0.8**. For now, risk will stay on the downside as long as 0.8**resistance holds, in case of recovery.
USD/CHF The provided chart shows the USD/CHF (U.S. Dollar to Swiss Franc) currency pair on a daily timeframe. Here's a technical analysis with a focus on liquidity and the bullish trend:
1. **Market Structure**:
- The overall trend from October 2023 to January 2024 is bearish.
- A reversal occurs at the beginning of 2024, leading to a bullish trend until around May 2024.
- Since May 2024, the trend appears to be bearish again, but recent price action shows a potential reversal.
2. **Key Levels**:
- **Liquidity Levels (LQ)**: Marked at around 0.92500 and 0.91500, indicating areas where liquidity may be grabbed.
- **Order Block (OB)**: An order block is identified around 0.88100, serving as a potential support zone.
3. **Recent Price Action**:
- The price dropped to the OB level around mid-June 2024, indicating a potential area where buyers might step in.
- After touching the OB, the price shows a bullish response, indicating a potential grab of liquidity below recent lows to fuel a reversal.
4. **Bullish Reversal Signs**:
- The bounce from the OB suggests that buyers are interested in this level.
- If the price sustains above the OB and breaks above recent highs, it could confirm a bullish trend continuation.
5. **Potential Scenarios**:
- **Bullish Continuation**: If the price breaks above the recent high of around 0.90000, it may aim for the liquidity levels (LQ) around 0.91500 and 0.92500.
- **Bearish Rejection**: If the price fails to sustain above the OB and drops below it, the bearish trend may continue, targeting lower support levels.
In conclusion, the chart suggests a potential bullish reversal from the OB level, with significant liquidity levels above serving as potential targets. Traders should watch for confirmations such as a break above recent highs for a bullish continuation.
USDCHF H4 Bullish BounceBased on the H4 chart analysis, we can see that the price is falling to our buy entry at 0.8880, which is a pullback support
Our take profit will be at 0.8947, which is an overlap resistance level.
The stop loss will be placed at 0.8837, which is a multi-swing low support level
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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
SNB cuts again, CHF weakensThe Swiss National Bank came out again with another cut. This move weakened the CHF against its major counterparts.
#usdchf FX_IDC:USDCHF EASYMARKETS:USDCHF
Disclaimer:
easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDCHF Sell opportunity on perfect symmetry.The USDCHF pair broke this week below the 1D MA200 (orange trend-line) for the firs time since March 14 and is extending a downtrend that started on the May 01 2024 Top, a rejection on the 1W MA200 (red trend-line).
The last time we had a similar (near) rejection was on the October 03 2023 Top, which also initiated a downtrend. That structure targeted the 1.5 and 2.5 Fibonacci extension levels in succession.
With the 1D RSI sequences among the two fractals showing tight symmetry, we see now the final sell opportunity to target the 2.5 Fib. Our Target is at 0.87000 (within Support 1 and Fib 2.5).
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
USDCHF BULLISH STRUCTURE 100 pipsThe USD/CHF pair recently formed a bearish channel, hitting the horizontal support trendline before showing a clear reversal pattern on the H4 chart, which is even more apparent on the H1 chart. The price has already broken out of the double bottom and is currently attempting to retest the neckline.
I'm anticipating a retest within a continuation pattern, specifically a bullish flag. Within this bullish flag, I'm also expecting a reversal formation, either an inverse head and shoulders or a double bottom on the 15-minute timeframe, before entering a buy position. My target is to capture a 100-pip move.
SNB Unexpectedly Lowers Interest Rate from 1.50% to 1.25%SNB Unexpectedly Lowers Interest Rate from 1.50% to 1.25%
Today, it was announced that the Swiss National Bank (SNB) decided to lower the interest rate to 1.25%. According to ForexFactory, the analyst consensus had expected the rate to remain at 1.50%, making this decision a surprise.
According to SNB Chairman Thomas Jordan:
→ Inflation in Switzerland is decreasing;
→ In recent weeks, the Swiss franc has significantly strengthened due to geopolitical tensions, and the SNB is prepared to be active in the Forex market if necessary.
The market's reaction to the SNB's decision and the statements from its chairman resulted in a sharp weakening of the Swiss franc. Specifically, the USD/CHF rate rose by approximately 0.7% in the first few minutes.
Today's technical analysis of the USD/CHF chart shows:
→ From the beginning of 2024 to May 1 (point B), the market was in an uptrend (shown by the blue channel).
→ From May 1 to today, the USD/CHF price decreased, forming a descending channel (shown in red).
→ The downward movement since May 1 may be a correction within a larger upward trend that began from the low at point A, reached on December 28.
→ Today's upward reversal on the unexpected news from the SNB may indicate the end of the B→C correction. If so, the correction was slightly less than the classic 50%.
If the hypothesis about the end of the correction is correct, it is possible that the USD/CHF price will return to the blue ascending channel. This scenario could be hindered by resistance lines – the median and upper boundary of the red channel. Additionally, the psychological level of 0.900 is seen as an important resistance.
Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen.
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.
USDCHF Corrected! DOWN to .8700 Range!!Here I have USD/CHF on the Daily Chart!
After USD/CHF finished its Impulse Wave May 1st with a High @ .92242 we see based on the Low or Point A @ .89879 followed by a LOWER HIGH or Point B @ .91587 ..
We are given all the Ingredients for a CORRECTION WAVE!!
Now based on the break of the NEW LOWER LOW @ .88809, using the Fibonacci Retracement Tool, we see price has made a perfect 61.8% Retracement!!!
On the initial Touch of 61.8% I took Sell Entries but we will certainly see this pair FALL!!!
Range Target is ( .87748 - .86842 )
USDCHF H4 | Bullish BounceBased on the H4 chart analysis, we can see that the price is currently at our buy entry at 0.8837, which is a swing-low support.
Our take profit will be at 0.8880, which is a pullback resistance level.
The stop loss will be placed at 0.8800, which is a multi-swing low support level.
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. 68% 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, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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.
USD/CHF downtrend pauses for breath ahead of SNBThere is quite a bit of uncertainty with today's SNB rate decision, over whether they'll cut or hold. And that has seen the 1--day implied volatility level more than double its 20-day average. The market is clearly in a downtrend on the daily chart, having broken key support on Tuesday.
Prices are now consolidating above the weekly S1 pivot on the hourly chart. If the SNB do cut and spark a rebound on USD/CHF, the preference is to step aside and seek evidence of a swing high. This is because we now know the SNB no longer want a weaker currency, so any upshot today is likely to be temporary. And this scenario would be preferred as it allows for an improved reward to risk ratio.
However, as the decline of the inflation rate rate is slowing, growth was stronger than expected and the SNB do not want a weaker currency, a hold seems more likely. In which case, a move towards 0.88 is on the cards near the high-volume node of the prior uptrend and the lower 1-day implied volatility band.
Potential bullish rise?USD/CHF is currently reacting on the pivot which has been identified as a pullback support and could rise to the 1st resistance.
Pivot: 0.8840
1st Support: 0.8793
1st Resistance: 0.8892
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USD/CHF – flat ahead of SNB rate decisionThe Swiss franc is almost unchanged on Wednesday. USD/CHF is trading at 0.8838 in the North American session, down 0.04% on the day.
Switzerland’s central bank will announce its rate decision on Thursday and the markets are on edge. Will the Swiss National Bank lower rates or hold? The SNB last met in March and that meeting was memorable, as policy makers shocked the markets with a quarter-point cut, bringing the cash rate to 1.50%. Investors had expected the SNB to continue to maintain rates at the March 21st meeting, but the SNB decided to respond to declines in inflation and growth and became the first major central bank to lower rates this year.
The Swiss franc took a bath and fell 1.2% against the US dollar the day of the March meeting, its second-to-worst daily performance this year. The Swissie proceeded to lose more ground in the following weeks but has recovered almost completely.
Economists are split 50/50 on whether the SNB will cut on Thursday, while the money markets have cut expectations of a rate cut to 60%, compared to 80% just one month ago. The ultra-cautious SNB has been mum, with no public comments from Bank policy makers over the past three weeks, which has only intensified the suspense.
Inflation has been steady in the upper half of the SNB’s target range of 0% to 2% and Swiss growth has been steady, which would support the case to hold rates. On the other hand, exports have been weak and the Swiss franc has appreciated 3.3% against the US dollar since May 30th. A rate cut by the SNB could weigh on the Swiss franc and make Swiss exports more attractive on world markets.
The uncertainty ahead of the SNB meeting makes this a live meeting and could translate into volatility from the Swiss franc on Thursday.
There is support at 0.8809 and 0.8777
0.8860 and 0.8892 are the next resistance lines