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Swissfranc

USDCHF Struggling on the 1W MA50. Long-term bullish above it.The USDCHF pair is on very critical crossroads as for the past 5 weeks it has been testing the 1W MA50 (blue trend-line) but has so far failed to close a 1W candle above it. Going back to late September 2023, we can see that the 1W MA50 has been again tested for successive weeks, but again failed to close a candle above it. In fact the last time it did was back on the week of October 31 2022, which was during the previous Top on the Lower Highs trend-line of the 8-year Bearish Megaphone pattern. As a result, as long as the pair fails to close that weekly candle above the 1W MA50, we 'have' to stay bearish on the medium-term, targeting just above the 0.786 Fibonacci retracement level at 0.8500. If however we do get that 1W closing above the 1W MA50 delivered, we will turn bullish long-term, despite the presence of the Inner Lower Highs and the 1W MA200 (orange trend-line), as in early 2021, and target the top of the Bearish Megaphone at 0.97000. Notice that this scenario attracts stronger probabilities as the 1W RSI has been on a Bullish Divergence from oversold territory since the December 25 2023 Low. This Divergence is similar to the bottom formed on the January 04 2021 candle. Observe also how efficiently the Sine Waves have grasped the Tops and Bottoms of this Bearish Megaphone. Right now they show we are on a bottom formation. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
Swiss Franc can exit from pennant and continue fall to 0.8700Hello traders, I want share with you my opinion about Swiss Franc. Looking at the chart, we can see how the price reached the resistance line of the downward channel, after which CHF rebounded down and declined to the support line of the channel, breaking the 0.8635 level, which coincided with the buyer zone. Then the price turned around and entered the pennant, where it made a strong impulse up to the resistance level, exiting from the downward channel and breaking the 0.8635 level one more time. After this CHF broke the 0.8820 level, which coincided with the seller zone, but soon it turned around and fell back and some time traded very close to the resistance level. Later, the price started to grow back and in a short time, CHF reached the 0.8820 level again, broke it, and rose to the resistance line of the pennant. But soon, the price rebounded from this line and declined to support line of the pennant, thereby breaking the 0.8820 resistance level again. After this, the price bounced from the support line and rose to the resistance line of the pennant, where, at the moment, CHF continues to trades near. In my opinion, the Swiss Franc can fall to the support line, after which it at once will bounce to the resistance line and then CHF can make an impulse down, thereby exiting from the pennant. For this case, I set my target at the 0.8700 level. Please share this idea with your friends and click Boost 🚀
Short
by LegionQ8
USD/CHF Forecast: Exploring Downside Potential Post-Double TopThe USD/CHF pair is facing resistance around the 0.8830 mark, struggling to regain momentum after a retreat from nearly reaching 0.8900, primarily attributed to encountering a double top formation at 0.88850. This downward movement in the pair is underpinned by the weakened US Dollar (USD) and declining US Treasury bond yields. Market participants are eagerly awaiting the release of the Swiss February Consumer Price Index (CPI), anticipating it to ease from 1.3% in January to 1.1% in February, which could provide fresh impetus to the currency pair. On the US front, the Institute for Supply Management (ISM) reported a decline in the US Manufacturing Purchasing Managers Index (PMI) to 47.8 in February from 49.1 in the previous month, falling short of market expectations set at 49.5. Looking ahead, investors will closely monitor Federal Reserve Chair Jerome Powell's testimony scheduled for Wednesday, seeking insights into the inflation outlook and potential shifts in monetary policy. Hawkish remarks from Fed policymakers could potentially lift the USD, acting as a tailwind for the USD/CHF pair. Concurrently, the Swiss Federal Statistical Office is set to release the nation's Consumer Price Index (CPI) for February later on Monday. Our analysis suggests a continuation of bearish pressure following the double top formation, with a potential breakout below the neckline, targeting the next fair value gap at 0.86000
Short
by FOREXN1
3
CADCHF,🟢Is it bullish...?🟢 By examining the CADCHF 1-hour chart we can figure out there is a lot of buy-side liquidity that can be defined as a smart money target. The market structure is bullish and the price had a bullish reaction to the daily order block. Now, there is a sell-side liquidity inside the FVG that creates a high probability buy setup for us. Please keep it in your mind: We need the LTF confirmation for entry. 💡Wait for the update! 🗓️07/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
NZDCHF Strong buy opportunity on the 1D MA50.The NZDCHF pair has been trading within a Channel Up pattern since the October 23 2023 Low. After breaking above the 1D MA200 (orange trend-line) for the first time in more than 1 year (since January 31 2023), the pair confirmed the trend shift from long-term bearish to long-term bullish. The recent 3-day pull-back to the 1D MA200 is a technical buy opportunity. As long as we close 1D candles above the 1D MA50 (blue trend-line), this is a buy opportunity, targeting the top of the Channel Up and Resistance 2 at 0.55140. Notice how this is exactly on the -0.236 Fibonacci extension, which is the level that the November 29 2023 Higher High was priced at. Also the 0.5 Fibonacci retracement is the level where it double bottomed (November 17 2023) and started the rebound to the Higher High. We are at the 0.5 currently, which indicates a strong Support case. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
1
USD/CHF Approaches Key Level Amidst Fed Rate Cut SpeculationThe 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 rising at a steady pace of 3.9%, contrary to expectations of a decline. Fed policymakers closely monitor core inflation data to gauge the appropriate monetary policy. Persistent core inflation figures could prolong the period of restricted interest rates, adding further support to the argument for maintaining current levels. Conversely, the Swiss Franc faces pressure as price pressures within the Swiss economy decelerate notably. January saw the monthly CPI grow by a modest 0.2%, falling short of the forecasted 0.6% increase. Additionally, annual inflation witnessed a significant slowdown to 1.3% from the anticipated and prior reading of 1.7%. This easing inflationary pressure may provide room for the Swiss National Bank (SNB) to adjust its tight monetary policy stance. From a technical standpoint, the recent surge in the USD/CHF pair towards the 0.8900 resistance level signals a potential retracement. This level coincides with the 61.8% Fibonacci retracement level, amplifying its significance as a potential barrier to further upside movement. Moreover, both the Stochastic indicator and RSI are indicating overbought conditions, suggesting a possible reversal in the near term.
Short
by FOREXN1
11
USD/CHF bulls eye move to 0.90The 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 structure and shallow retracement, the bias is for a bullish breakout and for prices to head towards the 0.9 handle, near a volume cluster from an older trend.
Long
by CityIndex
2
🚨USDCHF is Ready to fall🚨🏃‍♂️ 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 )🟢. U.S.Dollar/Swiss Franc ( USDCHF ) 4-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
3
CADCHF Rejected on the 1D MA200. Sell opportunity.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 MACD forms a Bearish Cross. As you can see, the pattern since December 2022 is a Channel Down and every 1D MACD Bearish Cross above 0.00, has formed a Lower High, hence issuing a strong sell signal. Our Target is the top of the Support Zone at 0.63500, which has been the first Target during the previous 2 Lower High rejections. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Swiss Franc can fall a little and then continue grow in channelHello 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 around and started to move up inside an upward channel. In the channel, the price soon broke the 0.8485 support level again and then in a short time rose to the current support level, which coincided with the support area and resistance line of the channel. But the price didn't fixed and in a short time fell to the support line of the channel, after which CHF turned around and rebounded back to the 0.8710 level. Soon, the price broke this level, some time traded near, and then continued to grow to the resistance line of the upward channel. Recently price bounced from this line and fell below, so I think that Swiss Franc can decline a little more, after which CHF turns around and then starts to move up to the resistance line of the channel. For this case, I set my target at the 0.8900 level, which coincides near the resistance line of the upward channel. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
USDCHF: Bullish extension on the 1D timeframe.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 Fibonacci level and that's what we will use as target (TP = 0.9000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
Swiss Franc Resilience: USD/CHF Faces Headwinds Amid Economic..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 article explores the recent performance of the CHF against the USD, shedding light on the economic context that shapes its trajectory. Economic Disparities and CHF Strength: Switzerland's economic environment starkly contrasts with that of its immediate European neighbors. The nation boasts inflation comfortably within the Swiss National Bank’s (SNB) 2% maximum target and maintains a robust domestic economy. This economic strength has contributed to the resilience of the Swiss Franc. Recent Currency Performance: The CHF showcased its strength by rebounding on Friday, finding resistance at 0.8700 against the USD. The USD/CHF pair has experienced a climb of approximately 4.5% since hitting a 12-year low in December. A Year of CHF Ascendancy: Throughout 2023, the CHF gained significant value, surging nearly 18% against the US Dollar from the Q3 2022 peak of 1.1047. This upward trajectory has posed challenges for the SNB, limiting its ability to fine-tune policy using foreign currency reserves. SNB's Warning and Implications: Faced with the persistent strength of the CHF, the SNB issued a warning to the broader markets. The central bank emphasized that further appreciation of the CHF could transfer disinflationary pressure directly into the Swiss economy. This acknowledgment underscores the delicate balance the SNB must strike to preserve economic stability. Market Outlook for USD/CHF: Given the prevailing economic disparities and the SNB's warning, our outlook for USD/CHF leans towards a new pullback in the direction of the downtrend for the USD. Our target is set around 0.8400, reflecting the challenges faced by the USD against the resilient Swiss Franc. Conclusion: As the Swiss Franc maintains its strength in the face of economic disparities, the USD/CHF pair encounters headwinds. The CHF's ascendancy throughout 2023 and the SNB's cautionary stance signal potential challenges for the USD in the coming months. Traders should keep a close eye on economic indicators and central bank communications, recognizing the intricate dynamics influencing the USD/CHF pair in this evolving financial landscape. Our preference Short positions Below 0.88200 with targets at 0.85200 & 0.8400 in extension.
Short
by FOREXN1
1
USD/CHF Retreats Amidst Lower US Treasury YieldsUSD/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 lending some support. Additionally, the Swiss Franc has experienced selling pressure, triggered by concerns raised by Swiss National Bank (SNB) Chairman Thomas Jordan regarding the impact of CHF's strength on inflation and the broader domestic economy. Technical Analysis: From a technical standpoint, the forecast remains clear, indicating a possible continuation of the bearish trend. The failure to breach the resistance at 0.8700, coupled with the rejection at the confluence of the Dynamic trendline and the 78.6% Fibonacci level, suggests that the bears might still have the upper hand. Traders are keenly watching for any signs of a new bearish impulse aligning with the established downtrend. SNB's Inflation Concerns: The recent selling pressure on the Swiss Franc can be attributed to SNB Chairman Thomas Jordan's expressed worries about the CHF's strength and its potential impact on the SNB's ability to maintain inflation above zero. This concern arises despite some positive economic indicators, such as a slight increase in Swiss consumer prices in December and an improvement in consumer demand in November. Economic Indicators: While recent economic indicators paint a mixed picture, with positive signs in consumer prices and demand, Swiss Producer and Import Prices (YoY) witnessed a decline in December, following a similar trend in November. These more moderate figures may temper the SNB's decision-making in the upcoming meeting, as they grapple with the delicate balance of supporting economic recovery while ensuring inflation remains within a stable range. SNB's Commitment to Monetary Policy: In the SNB's last policy update in December, the central bank reiterated its commitment to adjusting monetary policy if necessary to maintain inflation within a range consistent with price stability over the medium term. The cautious stance suggests that despite the recent economic fluctuations, the SNB remains vigilant and ready to act to ensure economic stability. Conclusion: As the USD/CHF pair faces headwinds from lower US Treasury yields and the SNB's inflation concerns, traders are keeping a close eye on technical indicators and the broader economic landscape. The failure to breach key resistance levels indicates a potential continuation of the bearish trend. However, the SNB's commitment to adjusting monetary policy underscores the uncertainty in the current economic environment. Traders should remain vigilant and adapt their strategies accordingly, considering both technical and fundamental factors shaping the USD/CHF trajectory. Our preference Short positions Below 0.88200 with targets at 0.85200 & 0.8400 in extension.
Short
by FOREXN1
3