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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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
Hello traders, we currently have a long setup for CHFUSD on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go long. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel...
Pattern: Rejection on the 1.088 Resistance.
Signal: Bearish as the 1D MA50 has been broken and the MACD made a bearish cross.
Target: 1.000 (just above the Symmetrical Support).
