By checking the EURUSD chart, we can see that after the growth of this currency pair up to the supply range of 1.093, the price faced heavy selling pressure and with a drop of more than 130 pips, it is currently trading in the range of 1.082! If the price can stabilize above the support of 1.07990 to 1.082, we can expect a small upward movement of the price!...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 USDCHF has been overall bearish, trading within the falling channel in blue. Currently, USDCHF is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a resistance marked in green. 🏹 Thus, the highlighted blue circle...
USD/CHF could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 0.89483 which is a pullback support. Stop loss is at 0.89076 which is a pullback support that lies underneath the 50.0% Fibonacci retracement level. Take profit is at 0.90296 which is a level that aligns with the 100.0% Fibonacci projection...
The Swiss franc has tumbled on Thursday after the Swiss National Bank lowered interest rates. In the North American session, USD/CHF is trading at 0.8987, up 1.35% on the day. Earlier, the Swiss franc fell as low as 0.8994, its lowest level since November 23. There has been plenty of speculation as to when the Fed and other major central banks will lower interest...
USD/CHF Analysis: SNB Decision Breaks Multi-month Trend According to Reuters, on the sidelines of the World Economic Forum in Davos in January, the head of the Swiss National Bank (SNB) Thomas Jordan told the Swiss press that the appreciation of the franc creates problems for exporters. Thus, indicating intentions to weaken the CHF. His words in January seem to...
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Today, the Swiss National Bank cut its interest rate, dropping from +1.75% to +1.50%. Last time we saw any changes made in the rate were back in June 2023, when the Bank lifted the rate from +1.75% to +1.50%. After the release of the news CHF devalued against all of its major counterparts, even against the currently-weak USD. Looking at the technical picture of ...
Preferred direction: Neutral Comment: Gold worked out our long scenarios perfectly once again, and as we noted in previous trading ideas, the level of 2200 was reached as a target. Today, gold will most likely trade around the 2200 level. Further growth is not considered as optimistically as before. We highlight two scenarios for this instrument,...
USD/CHF is falling towards a potential breakout level and could drop lower towards our take-profit target. Entry: 0.88518 Why we like it: There is a potential breakout level ( wait for the 1-hour candle to close below 0.88518 for a breakout confirmation ) Stop Loss: 0.89374 Why we like it: There is a resistance level that aligns with the 127.2% Fibonacci...
💵Pair Name USD/CHF Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🔗 Key Technical / Direction ( Short ) After Retest Type : Mid Term Swing —————————— Bearish Retest 0.88900 Area Reasons - Major Turn level - Counter Trend Line - De Value Area - inner choch Area Bullish reversal 0.87500 Area Reasons - Major Turn level / W -...
USDCHF / 1D Hello Traders, welcome back to another market breakdown. USDCHF is trading in a downtrend. However, the price bounced back from a Macro level which sent the price up changing the current trend. Probability suggests we get at least a few more sideways for now down then another leg higher. Check out the chart for what I'll be waiting for after price...
Preferred direction: SELL Comment: The Swiss franc also performed well on our previous trading ideas, where the entry strategy was “border to border”. The medium-term prospects here are also not in favor of the US dollar , but in the long term, we consider USDCHF more in favor of the buyer. At this stage, for a medium-term sell-deal, we highlight two...
✅USD_CHF has been growing recently And the pair seems locally overbought So as the pair has approached a horizontal resistance of 0.8911 Price fall is to be expected SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
In my latest foray into the realm of forex trading, Elliot Wave analysis has once again proven to be an invaluable tool, this time revealing a striking SHORT opportunity in the USDCHF pair. As I navigated through the complexities of market movements, I observed the completion of an impulsive wave sequence, typically indicative of an upcoming correction or...
USDCHF is rising toward resistance and could potentially fall to a support level Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level that aligns with the 127.2% Fibonacci extension Pivot: 0.8899 Support: 0.8851 Resistance: 1.8935 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
Hello traders, we want to check the USDCHF chart. The price is moving in an ascending channel and after failing to break the specified resistance level, it has had a correction to the specified support level. We expect this level to maintain the upward trend of the price and the price will once again grow to the resistance level. Good luck.
Based on the M15 chart analysis, we can see that the price has just reacted off our sell entry at 0.8883, which is a multi-swing high resistance. Our take profit will be at 0.8843, an overlap support level. The stop loss will be placed at 0.8908, which is above a swing-high resistance level. Please note that there is a bearish divergence vs. RSI High Risk...
Hey Traders, in today's trading session we are monitoring USDCHF for a buying opportunity around 0.88400 zone, USDCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 088400 support and resistane area adding a fundamental layer, the last CPI and PPI both came hot and the labour market is solid, if Fed goes...