The USD/CHF pair is edging closer to the critical 0.8900 level, driven by speculation of the first rate cut by the Federal Reserve scheduled for July. This movement comes amidst contrasting economic indicators from both the US and Switzerland. In the US, the core Consumer Price Index (CPI), which excludes volatile food and oil prices, surprised investors by...
CADCHF formed a double bottom formation on a key horizontal support on a 4H time frame. Its neckline violation is an important bullish signal. We can expect a bullish movement at least to 0.654 ❤️Please, support my work with like, thank you!❤️
The daily chart shows a nice bullish trend on the daily chart. A minor retracement has occurred at the cycle highs, although Thursday's bullish hammer found support at the 100-day EMA, 38.2% Fibonacci level and prior swing high. RSI (2) is confirming the trend and RSI (14) is above 50 to show bullish momentum of the past three weeks. Given the bullish trend...
🏃♂️ USDCHF is moving in an Ascending Channel and is currently near the 🔴 Resistance zone(0.891 CHF-0.882 CHF )🔴 and 🟡 Potential Reversal Zone(PRZ) 🟡. It also managed to break the Uptrend line . 🔔I expect USDCHF to start to decline after entering the 🟡 Potential Reversal Zone(PRZ) 🟡 and at least break down to the 🟢 Support zone(0.874 CHF-0.871 CHF...
It has been more than 4 months since our last analysis on the CADCHF pair (October 10 2023, see chart below), which was a sell signal that hit directly our 0.64800 Target: The current signal is no different, as the continuous rejection on the 1D MA200 (orange trend-line) since February 13, is giving a strong sell signal, which will be confirmed once the 1D...
Hello Traders ! Previously, The EURCHF Formed a Symmetrical Triangle Pattern. Currently, The Price Broke The Higher High (BOS). So, I Expect a Bullish Move 📈 ------------ TARGET: 0.95340🎯
Hello traders, I want share with you my opinion about Swiss Franc. Observing the chart, we can see that the price a few days ago rebounded from the current support level and started to decline to the next level, which coincided with the buyer zone. But soon, CHF declined lower than 0.8485 level and declined until to 0.8330 points, after which Swiss Franc turned...
I anticipate a bearish week ahead, as I believe the price may need to mitigate a beautiful Fair Value Gap (FVG) on the 4-hour chart. Additionally, it could pull back to the Optimal Trade Entry (OTE) Area, where it might begin to gather confluences for potential buy opportunities.
Hi folks today I'm prepared for you Swiss Franc analytics. If we look at the chart we can see ho the price some time ago rebounded from support 1 and in a short time declined to the trend line, breaking support 2, which coincided with the support zone too. But soon, CHF rebounded from the trend line and started to rise in an upward channel, where the price rose to...
Hello Traders ! On The Daily Time Frame, The CHFJPY Price Formed a Rectangle Pattern. So, Let's Expect The Bearish Scenario📉 If The Market Breaks The Support Level and Closes Below That, We Will See a Bearish Move... TARGET: 167.450🎯
USDCHF is technically bullish on the 1D timeframe (RSI = 60.467, MACD = 0.001, ADX = 44.050) as it has made a Channel Down bottom on December 29th 2023 and has since rebounded over the 1D MA50. Technically it is still halfway through the new bullish wave that should extend over the 1D MA200 at around +8.18% from the bottom. That falls a little under the 0.786...
Hi guys, this is my overview for USDCHF, feel free to check it and write your feedback in comments👊 After price bounced from support line, which coincided with $0.8570 support level, it rose to resistance area. Price some time traded in this area, made correction, after which CHF rose higher resistance area and then started to fall. Also, price entered to...
Swiss Franc Resilience: USD/CHF Faces Headwinds Amid Economic Disparities In the realm of global currencies, the Swiss Franc (CHF) stands out as a resilient force, navigating economic landscapes vastly different from its European neighbors. Recent data reveals a slip in Switzerland's Producer and Import Prices in December, impacting currency dynamics. This...
I have analyzed and seen the weekly and daily timeframe being bearish, these are the main timeframes, so I went to the four hour timeframe to look for opportunity to short, then I spot the resistance zone just below the 50 exponential moving average, now expecting a retracement to the moving average then take shorts.
USD/CHF Retreats Amidst Lower US Treasury Yields The USD/CHF currency pair is currently navigating a complex landscape, marked by a pullback in the US Dollar, potentially fueled by lower US Treasury yields. Despite the initial cheers from hawkish remarks by Federal Reserve officials, the Greenback finds itself facing challenges, with risk aversion sentiment...
Just as GBPCHF is similar to this, EURCHF is also expected to reach the 50Exponential moving average and is expected to short from there, also note the resistance zone that support this bearish move and the daily and weekly trend that also support this movement.
NZDCHF is trading within a falling channel on a daily. The price reached its support on Friday. As a confirmation of the strength of a trend line, the pair formed a tiny double bottom pattern on a 4H time frame and broke its neckline. We can expect a pullback now. Target - 0.53 ❤️Please, support my work with like, thank you!❤️
Hello traders, I want share with you my opinion about Swiss Franc. By observing the chart, we can see that the price started to trades in a downward pennant, where it first rebounded from the resistance line and made a strong downward impulse to the support line, thereby breaking 0.8720 and 0.8490 levels. But after this, CHF at once rebounded from the support line...