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USDCHF

Sell Signals Looming? This Pair Nears Crucial SELL ZoneThis pair has been on a strong upward trend since the beginning of the year, following a significant drop at the end of December. At that time, I shared my first trading idea for 2024 on TradingView. You can find that idea linked in a related post at the bottom of this discussion. That trading strategy was spot on, hitting our target of 0.88, although I had mentioned the possibility of climbing even higher, beyond 0.90, due to certain key levels. And that's precisely what happened. The price is now nearing the SELL/SUPPLY zone at 0.91. This level was established in September 2023 and initiated the decline to 0.83. So, what comes next? Is it time to sell? If we examine the weekly chart below, you'll see a SELL/SUPPLY level right beneath the monthly one, which I believe was the real trigger for the descent to the new lows. The initial drop (indicated by a red arrow) did not set a new low, with the market pausing before plummeting sharply for eight consecutive weeks. This is the zone where selling should be considered, especially as the market has been rising for nearly 13 straight weeks and appears to be extremely overbought as we enter the Weekly SELL/SUPPLY zone between 0.90 & 0.91. The Daily chart shows that momentum hasn't diminished significantly and remains strong. This suggests that we might see a minor pullback towards 0.88 before another surge to the swing high @0.92, followed by another sell-off (refer to the chart below). I'll now begin searching for SELL signals on the 4hr timeframe with the TRFX indicator, aiming for a short-term sell position towards 0.88 or possibly lower, around 0.86. Price may continue its ascent towards 0.92 without the short-term pullback, given the strength in the daily trend, and then proceed to sell-off. Hence, I will also be preparing for this scenario and look to add to my position if the price moves up. In the longer term, this pair is still bearish on the Monthly charts, and a bullish trend would only be confirmed by a clean break and close above 0.92, which could then open the path for moves all the way back to 1.04. For now, I anticipate a sell-off from these levels given the overstretched 13-week bullish run and entry into a key Monthly SELL/SUPPLY zone that precipitated last year's lows. Let me know your thoughts below.
Short
by TheFxAce
10
Potential bearish reversalUSDCHF is rising toward an overlap resistance and could potentially fall to a support level. Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 0.9098 Support: 0.8903 Resistance: 0.9221 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.
Short
by ICmarkets
Shorting USD/CHF (US Dollar vs Swiss Franc) OANDA:USDCHF USD/CHF: Hunting Profits in the Land of Watches and Cheese! Looking for a chance to grab some pips in the forex market? Take a trip to the land of watches and cheese and short USD/CHF at 0.90274 for a potential sweet reversal! Prediction: A break above 0.90274 could trigger a downward spiral for USD/CHF. First target is 0.8950, followed by 0.8782 - be ready to lock in profits at these levels! Remember: Watch out for the market whales! Stay tuned for economic news and events. Manage your risk wisely. Don't go all-in - enter with a small position size. This is just a suggestion, always do your own research before entering any trade.
Short
by ForexCSP
🔥 XAU/USD - Ready for LONG ? (READ THE CAPTION)By re-examining the gold chart in the weekly and 1-hour time frame, we see that after the price growth up to $2200, the price faced selling pressure after collecting liquidity above the previous high and was able to fall even to $2162! Pay attention that yesterday I specified 3 important levels for you ($2173, $2168, $2162), which after the price reached the first two levels, gold managed to grow by more than 180 pips up to $2186! After that, the price fell to the third level of $2162 and rose again with 75 pips to $2170! Now the price is trading in the range of $2166! The possibility of price growth to higher levels is high, and the possible targets of this growth are $2173, $2180, $2196, and $2203, respectively! The new demand ranges are $2157 to $2160, $2150 to $2155, and $2146 to $2146 respectively! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
FOREXCOM:XAUUSDLong
by ArmanShabanTrading
8
Pullback support at 23.6% Fibonacci retracementUSD/CHF could bounce off a pullback support at 0.88737 which has been identified as a pivot point. Could price potentially bounce off this level to climb higher? Pivot: 0.88737 Support: 0.87424 Resistance: 0.90410 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.
Long
by ICmarkets
USDCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Long
by ShahedZare
USDCHF - Price can little correct and then continue move upHi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 Some days ago price entered a rising channel, where it declined to support line and then bounced up to $0.8580 level. Then price broke this level and later made retest, after which CHF rose to $0.8880 level, but at once bounced below. Price declined to support line of rising channel and then made upward impulse back to $0.8880 level and broke it. After this movement, CHF fell to support area, but soon turned around and continued to move up. Not long ago, Swiss Franc rose a little and started to fall, so I think that price can fall almost to support level. Also then CHF can turn around and continue to move up to $0.9130 resistance line of rising channel. If this post is useful to you, you can support me with like/boost and advice in comments❤️
Long
by WalterMoon
1
Usdchf, might expect some pullback..ButHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. But in general for Usdchf i am looking to long 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. *********************************************************************
Long
by Shadowing_The_Big_Boys
USDCHF - Expect retracement ✅Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long position. I wait price to continue the retracement and my point of interest for a long is if price rejects from trendline + S/R level + institutional big figure 0.89000. Fundamental news: Next week on Thursday we have news on USD, will be released quarterly GDP, which has high impact on currency. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
🔥 EUR/USD - A Litlle BUY ? (READ THE CAPTION)By checking the EURUSD chart, we can see that after the growth of this currency pair up to the supply range of 1.093, the price faced heavy selling pressure and with a drop of more than 130 pips, it is currently trading in the range of 1.082! If the price can stabilize above the support of 1.07990 to 1.082, we can expect a small upward movement of the price! Otherwise, with the break of this support level, we will witness a heavy fall! Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
3
USDCHF - Following The Trend📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCHF has been overall bearish, trading within the falling channel in blue. Currently, USDCHF is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a resistance marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the blue trendline and green resistance. 📚 As per my trading style: As #USDCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
USD/CHF H4 | Potential bullish bounceUSD/CHF could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 0.89483 which is a pullback support. Stop loss is at 0.89076 which is a pullback support that lies underneath the 50.0% Fibonacci retracement level. Take profit is at 0.90296 which is a level that aligns with the 100.0% Fibonacci projection 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. 66% 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. 70% 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.
Long
by FXCM
Swiss franc slides after SNB lowers ratesThe Swiss franc has tumbled on Thursday after the Swiss National Bank lowered interest rates. In the North American session, USD/CHF is trading at 0.8987, up 1.35% on the day. Earlier, the Swiss franc fell as low as 0.8994, its lowest level since November 23. There has been plenty of speculation as to when the Fed and other major central banks will lower interest rates, but in the end the Swiss National Bank that took the plunge first, with a quarter-point cut on Thursday. The move was a surprise as investors hadn’t expected the SNB to cut rates until June at the earliest. The SNB lowered the cash rate from 1.75% to 1.50%, sending the Swiss franc sharply lower. SNB President Thomas Jordan said after the meeting that the rate cut was in response to an “effective” battle against inflation. Inflation has been falling and is currently at 1.2%. The central bank also revised lower its inflation forecast to 1.4% in 2024 and 1.2% in 2025. The SNB also noted that the appreciation of the Swiss franc had dampened growth. We could add that the strong Swiss franc has also dampened inflation and allowed the SNB to shift policy and start lowering rates. The Federal Reserve held the benchmark rate at a target range of 5% to 5.25% on Wednesday, as was widely expected. The Fed maintained its projection of three rate cuts this year and revised its GDP forecast for 2024 to 2.1%, up from 1.4% in December. Fed Chair Powell noted that inflation was falling and the US economy was strong, but cautioned that the Fed would not start to cut rates until it was clear that inflation was moving sustainably towards the 2% target. The markets have priced in an initial rate cut for June, with a probability of around 75%. USD/CHF has pushed above 0.8918 and tested resistance at 0.8982 earlier. Above, there is resistance at 0.9095 0.8876 and 0.8812 are providing support
by OANDA
USD/CHF Analysis: SNB Decision Breaks Multi-month TrendUSD/CHF Analysis: SNB Decision Breaks Multi-month Trend According to Reuters, on the sidelines of the World Economic Forum in Davos in January, the head of the Swiss National Bank (SNB) Thomas Jordan told the Swiss press that the appreciation of the franc creates problems for exporters. Thus, indicating intentions to weaken the CHF. His words in January seem to be in line with how events are developing — the franc has weakened against the US dollar by more than 6% since the start of the year. Moreover, today, quite unexpectedly, the Swiss National Bank decided to lower the interest rate: actual = 1.50%, forecast = 1.75%, previous value = 1.75%. The result of the decision today was a sharp weakening of the franc against other currencies, including the US dollar. Technical analysis of the USD/CHF chart today shows that the bulls are breaking the downward trend (shown by the red channel), which dates back to the fall of 2022. Wherein: → the price of USD/CHF may continue to develop within the channel shown by the blue lines, including a rollback from the 4-month high; → in case of a rollback, the level of 0.8888 may constitute support (as a former resistance) - just like the lower blue line. If the weakening of the franc, which is facilitated by the SNB, continues, the price of USD/CHF may reach the level of 0.9095 - near which the market has repeatedly formed reversals. But most importantly, the easing of monetary policy by the SNB will likely serve as an example for the National Banks of other Western countries - which, in turn, will cause the emergence of new trends in the foreign exchange markets. 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.
by FXOpen
1
CHF Loses Ground After The SNB Rate CutToday, the Swiss National Bank cut its interest rate, dropping from +1.75% to +1.50%. Last time we saw any changes made in the rate were back in June 2023, when the Bank lifted the rate from +1.75% to +1.50%. After the release of the news CHF devalued against all of its major counterparts, even against the currently-weak USD. Looking at the technical picture of EASYMARKETS:USDCHF on our daily chart, we can see that the pair popped higher today after the SNB release. The rate rose above a key resistance barrier, at 0.8886, which is the highest point of February. As long as EASYMARKETS:USDCHF continues to trade above that barrier, we will stay positive, at least with the near-term outlook. Given that the pair had already reached and overshot one of our key resistance areas, at 0.8954, we will continue aiming higher. That's when we will target the 0.9052 obstacle, or even the 0.9113 level, marked by the highest point of November 2023. In order to shift our attention to some lower areas, a break of a short-term tentative upside support line taken from the lowest point of December 2023, is needed. This way a directional change of the current uptrend may occur, possibly inviting more sellers into the game. EASYMARKETS:USDCHF could then fall to the current lowest point of March, at 0.8730, a break of which may set the stage for a move to the 0.86500 area. That area is marked near the inside swing highs of January 29th and February 1st.
by easyMarkets