USDCHF USD/CHF is currently following a technical ascending channel. The price has touched a key support level and completed the Elliott 4th wave. We plan to enter a buy position upon observing bullish price action.Longby forex_info3
USD/CHF BUYING at .9036I have rules that I try to stick to when I'm trading but I'm also happy to break them if the conditions are right. Since early this morning the USD/CHF has sold off aggressively, encouraged by the weak(ish) Prelim GDP that came in 1.3% against 1.2% but it looks like the market was expecting better. The mood for USD BULLS wasn't lightened 90 minutes later when the Pending Home Sales missed by a distance coming in -7.7% against expected -1.1%. So all day we've seen USD/CHF sell off, so much so, that the RSI on H1 has been under 30 and even under 20 for some time. However. All BULL and BEAR runs must inevitably end at some time and it looks as if USD/CHF BEARS are reaching exhaustion and liquidating their SHORT trades. I'm in long which is somewhat jumping the gun I'll freely admit and although the ANdean Oscillator is mildly BULLISH on 1m and 5m time frames, we have no confirmation on 15m but I believe its going to happen. The last 5 candles on 15m have all been doji indecision candles and it would be a surprise if USD/CHF BEARS could drive the price further south from here and the path of least resistance is north. As we can get a tight STOP just under the low, and the reward is high, this is a trade worth taking. Target is unknown as this will depend on the price action if we see BUYERS step in from these levels. Longby forextraplaces1
USDCHF Preparing sell order in this pair. Possibly US session or tomorrow we´ll see the possibility to enter short in this pair. thks. Shortby SGsauragestionUpdated 116
USDCHF - SELL CHF mainating Strength only 3:00 am got till 6:00 until they start to slow down. One more order block below after pull back into the 1 or both Fair Value Gaps- People Stops - Liquidity 38 pips if hit Something got them all excited today must be just a rush for money Sell off day fear of missing out. Happens once every 2 - 3 months I recon. Majority of Pairs Over Extended on Sentiment Traders Targets What took a week to climb gets undone in a day ha Shortby NZ_Shareman0
USD/CHF (dollar-franc): a detailed technical orchestrationJudging by the Daily-timeframe build-up, we might imply that the price has nicely tapped into the liquidity region laying above the right shoulder of the recently formulated Head&Shoulders pattern, and now we are observing bearish moves in the destination of two zones - the pattern neckline and the 0.888 key level. Upon reaching the pattern neckline (0.9 region), we will be observing price behaviour before taking further action. If we are able to witness some rejections, then, there is a high probability that the 0.909 region will be re-visited for a re-touch (break+retest formation) before further bearish moves resume and, potentially, drive the price in the destination of the 0.888 level. On the other hand, if no signs of a bounce are printed on the 0.9 zone and the break is evident, then, the price will have enough potential to keep dropping till the 0.888 region. All in all, we recommend to have eyes on the day-to-day development and make decisions with no rush. Hope this idea is of help!Shortby Investroy3
USDCHF PULLBACK ??The USD/CHF currency pair has successfully breached the bearish trendline, signalling an end to the downtrend. Despite this, USD/CHF has surged over 800 pips without undergoing a significant correction. Consequently, we anticipate a pullback of approximately 300 pips before the pair resumes its bullish trajectory. Always follow risk management Shortby PotentFXUpdated 117
USDCHF sell setupHi dudes, Good opportunity for sell on U.S . Dollar/Swiss Franc Observe the money management (Use 1% of your balance for each signal) and the stop loss. To learn how to manage signals, open positions, analysis, get free signals, follow, boost, and comment. You can also ask questions. Comment: SL:0.922Shortby Ario_traderUpdated 4
USD/CHF For Bearishgo short now and take any target - USD is weak - CHF is Strong have fun :)Shortby maxbayne0
USDCHF: Trading Signal From Our Team USDCHF - Classic bullish formation - Our team expects pullback SUGGESTED TRADE: Swing Trade Long USDCHF Entry - 0.9045 Sl - 0.9020 Tp - 0.9089 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals113
We're recommending selling the USD/CHF currency We're recommending selling the USD/CHF currency pair at its current price of 0.90710. We suggest setting take-profit levels at 0.90500, 0.90400, and 0.90300 to secure profits if the price reaches these points. However, if the market moves against us, it's prudent to close the position at 0.90100 to minimize potential losses. Additionally, we've set a stop-loss order at 0.90100 to automatically exit the trade if the price reaches that level. It's important to monitor the market closely and adjust your strategy accordingly.Shortby FOREX_trade_0160
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.Shortby FOREXN1334
#USDCHF According to the analysis of March, the price went down from the specified area Follow the analysisShortby btcsimorg220
USDCHF BUY LIMIT ORDER FOR TODAY NEWSManage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanB220
USDCHF WILL EXPLODE BUYManage SL during news time, intraday trade tp and sl mentioned not a financial adviceLongby ArehmanBUpdated 0
USDCHF - BUY IDEA I'm analyzing USDCHF on the 15-minute chart using Elliott Wave theory. We've completed waves (1) through (5) and wave (a), and are now seeing the beginning of wave (b). The price is currently around 0.91180, and I'm anticipating a move up towards wave (c). Based on Fibonacci levels, my targets for this long position are: - 0.618 Fibonacci extension: 0.91511 The current price action shows signs of reversal from wave (b), and I'm entering a long position targeting the 0.618 Fibonacci extension level at 0.91511. I'll be closely monitoring the price action and adjusting my stops to manage risk effectively. Longby SignalsProviderUpdated 4
USDCHF SELLHi fellow traders, USDCHF is ready to make a move lower from the blue box after completing the expanding flat pattern. Target the 0.8948 level and move your stoploss to break even as soon as we reach the ‘Risk free zone’. Good luck and trade safe!Shortby OGwavetraderUpdated 116
USDCHF Will Go Up From Support! Long! Take a look at our analysis for USDCHF. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 0.907. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 0.915 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider112
USDCHF: Your Trading Plan Explained 🇺🇸🇨🇭 USDCHF is currently testing a key daily horizontal support. To buy this structure with a confirmation, pay attention to an expanding wedge pattern on a 4H time frame. Your confirmation to buy the pair will be a bullish breakout of the resistance line of the wedge. A bullish continuation will be expected at least to 0.9155 then. If the price drops below the underlined green area, the setup will become invalid. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader112
USDCHF bearish ideaa bearish idea.Channel that goes downwards, W pattern. Fundamentals checkedShortby Sarka1111
Strifor || USDCHF-29/05/2024Preferred direction: BUY Comment: For the Swiss franc , the focus is on the level of 0.91424, from which buy-deal is expected, and at the same time the medium-term strengthening of the US dollar. The context for a long position has now been formed and one can look for an entry point. The best option would be to go long through a breakout, as shown in the chart. Scenario №1 and Scenario №2 in this case are precisely a long trade through a breakout. The growth target is fixed at the level of 0.92160. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Longby Viktor_strifor_analystUpdated 111
USDCHF Long set upIf price reaches 0.9122 go bullish it is a 61.8 Fibonacci level. Profit and stop loss on chart.Longby EleazarahmathUpdated 4
USDCHFWith respect to all beloved traders, I have analyzed the Swiss Franc chart and identified the Smart Money structure for you. I have outlined possible reversal areas on this chart for you, and due to the uncertain market trend, I have referred to the 4-hour time frame to determine the main trend. This chart has been crafted in a simple and understandable way for you to grasp its concept. Thank you for your support and here's to greater successes. The color green is designated for the weekly time frame, purple for the daily time frame, and orange for the 4-hour time frame. Smart money concept Liquidity Currency hunter Shortby fereydoon11991
USD/CHF Upward Trend Remains Under ThreatUSD/CHF attempts to retrace the decline from earlier this week as it bounces back from the 50-Day SMA (0.9086). USD/CHF Rate Outlook USD/CHF may continue to track the positive slope in the moving average as it no longer carves a series of lower highs and lows, with a breach above 0.9180 (23.6% Fibonacci extension) bringing the monthly high (0.9225) on the radar. Next area of interest comes in around the October 2023 high (0.9245), but USD/CHF may continue to threaten the upward trend from earlier this year if it struggles to hold above the moving average. Failure to hold above the 0.9030 (38.2% Fibonacci extension) to 0.9040 (23.6% Fibonacci extension) area may push USD/CHF towards the monthly low (0.8988), with the next region of interest coming in around 0.8880 (38.2% Fibonacci retracement) to 0.8910 (38.2% Fibonacci extension). --- Written by David Song, Strategist at FOREX.com by FOREXcom1