“The franc is once more overvalued,” stated David Alexander Meier, economist at Julius Baer Group and pinnacle fourth-region FX forecaster in keeping with Bloomberg. Mr. David expects the franc to fall approximately 4% from modern tiers with the aid of using the quit of the yr while the Swiss National Bank (SNB) stops assisting the foreign money. This is extra...
Currently trending Bullish so ideally I would prefer to look for a long once the 4h closes above structure and blue zone with a retest and higher high close on a smaller time frame. Alternatively I would look for a position if the 4 h candle pulls back and rejects from the blue or yellow zones with a 1h bullish engulfing close
Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we have the confirmation of SH + BOS + FVG pattern. Price firstly raided buy side liquidity with a stop hunt then broke the structure and reacted from imbalance (FVG). I expect bearish price action to the support zone. Fundamental news: Next week is full of news in USA. Firstly on...
OANDA:USDCHF USDCHF (H4) Reacts negatively to the 0.618 Fibonacci zone of the previous down wave. With a bearish red candle, we can execute the order: Sell now at 0.86692 SL at 0.86866 TP1 at 0.86541 TP2 at 0.86364 TP3 at 0.86120 Note: capital management 2%
Is it time for the USDCHF to head lower? Let's look at this pair from a technical perspective. To understand the direction of a pair, we have to first look at the higher timeframes. The monthly, weekly and daily timeframe suggest that this is a downtrend.. It's not a matter of where the trend is headed, because obviously, it's a downtrend.. Since we "know"...
Several Fair Value gabs (4HS above the the Daily). The last confirmation was a 15 minutes Fair value Gap above the the most recent 4H gap
A recent 4h BoS w/clean impulsive nature bullish. We saw a slow retracement, preceded by a multi-day consolidation. Price retraced into the edge of the 4h range for entry.
Plan for USDCHF for the coming week: I am waiting for the price to trigger my short zone, around 0.874/0.878. Here i will check for divergences on smaller timeframe, to increase my shorts. I placed a sell limit at 0.87650 considering that 0.877 is a strong resistance, and i expect a pullback anyways from there
In the closing weeks of 2023, this pair experienced a significant sell off, plunging nearly 500 pips and breaking decisively below the September low. Reflecting on my July trade idea post, the market movement matched my expectations, though it did peak slightly higher than anticipated. So, what's next? As I mentioned back in July, following the rise above 0.88,...
During the strengthening of the franc, option traders actively gained 'naked puts' levels. To create a spread strategy, traders can add a long position in the underlying asset, resulting in a breakeven call or a spread when selling an out-of-the-money call in the same series. This allows the trader to enter the market with no risk or even a small profit...
The dollar traded subdued in early European trading on Monday, with the US holiday keeping trading volume down as traders considered the possibility of an early interest rate cut by the Federal Reserve. At 04:35 ET (09:35 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% higher at 102.242, at the start of the...
😇 7 Dimension Analysis Time Frame: H4, D1 1️⃣ Swing Structure: Bearish on both time frames 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Corrective, indicating a nearly completed sideways move 🟢 Inducement: Liquidity sweep with a long wick candle 🟢 Decisional OB: Mitigated, resistance at CIP with a strong buildup post-breakout, indicating bearish...
Will USDCHF breakout Tomorrow? (after US Inflation report) USDCHF recently surpassed both its 50 and 100-hour moving averages, yet it remains confined within its 2024 trading range. Fluctuations between risk-on and risk-off sentiments keep the pair moving between 0.84635 and 0.85294. Initially, bullish optimism followed comments from Atlanta Federal Reserve...
Ellen Zentner, chief U.S. economist at Morgan Stanley, said: "The Fed will cut interest rates this year." But "the Fed can be patient and take its time." Morgan Stanley expects the Fed to cut interest rates for the first time at its June meeting. The Fed will keep interest rates stable for longer than the market expects. But if that happens, there will be...
Pair : USDCHF ( U.S Dollar / Swiss Franc ) Description : Bearish Channel as an Corrective Pattern in Long Time Frame and Rejection from Upper Trend Line. Completed " 1234 " Impulsive Waves. We have Break of Structure and Completed its Retracement
looking bearish trend in daily timeframe follow descending channel
Hello traders! ‼️ This is my perspective on USDCHF. Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I expect price to continue the retracement to fill the imbalance higher and then to react from institutional big figure 0.85000. Fundamental news: Next week on Friday will be released NFP and...
The price has grabbed the liquidity from inducement zone. Wait for the price to reach the next Supply zone. Wait for the price to change its direction in the lower time frame for extra confirmation and go short. Happy Trading.