As you may already know, the Swiss Franc (CHF) has recently reached its highest level against the US Dollar (USD) since 2015. This surge in CHF's value can be attributed to a combination of factors, including growing concerns over the US economy potentially slipping into a deflationary phase.
While it is essential to approach such market movements cautiously,...
A potential sell signal on the CHF/USD currency pair has emerged due to the formation of a double top pattern on a resistance level. This pattern indicates a potential reversal of the previous upward trend and suggests that a downward movement could follow. Traders considering this setup may look for a target price of 1.0996 and set a stop-loss order at 1.1567 to...
CHFUSD💥1H-TIMEFRAME ANALYSIS
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Rise = good time to accumulate and start buying BTC position (gradually, 3-5 waves)
Bleed = good time to distribute and start selling your position (gradually, 3-5 waves)
CHF/USD has formed a W Formation after sideways movements in the last few months.
Since the break above parity 1:1 there has been a fight between bulls and bears and it looks like the bulls are going to win this one.
Price >200 7>21
Bullish
Target 1.1370
I believe that green line above is best position to be in short on USDCHF and you can really count on it with 100x leverage or even 200x if it gets hit.
it can dump so drastic to those blue trend lines in below, like in one downtrend, very fast, very drastic, but of course for that section we have to wait and see how market moves.
Email me for consultant on charts.
Swiss Franc/U.S.Dollar was able to make a Rising wedge.
For now, the Swiss Franc/U.S.Dollar is completing the pullback.
I expect that the Swiss Franc/U.S.Dollar will go down to the support zone from the current price.
🔅Swiss Franc/U.S.Dollar Dollar Analyze (CHFUSD) Timeframe 8H⏰.
Do not forget to put Stop loss for your positions (For every position you want...
Always do your own analysis. Im an amateur trader and the CHFUSD chart is indicating a possible swing to 1.10 in my mind. Always set your own stop loss prices.
The price has rebounded just below the first 0.9964 support on the 1W chart and according to the monthly RSI = 47.462, STOCH= 45.454 and Highs/Lows = 0, should rise towards the first Resistance at 1.0591. Our target is 1.0469 where the SL will be moved in profit in order to chase after the Resistance extensions safely.
![CHFUSD: [UPDATE CHFUSD] Watch for CHFUSD to understand Bitcoin.](https://s3.tradingview.com/k/kgLmEwMB_mid.png "[UPDATE CHFUSD] Watch for CHFUSD to understand Bitcoin.")
