Hello traders, we want to check the USDCHF chart. The general trend of the market is up, but the price is making a correction after hitting the specified resistance level. We expect the price to fall to the specified support level. Good luck.
🏃♂️ 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...
USD-CHF was trading along The rising support line But now we are seeing A bearish breakout and The breakout is confirmed So I will be expecting A further move down!
“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...
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...
⭐️ Smart investment, Strong finance ⭐️ News Investors will be looking for guidance from the Swiss Consumer Price Index for December, which is scheduled to be released later today. Analysts expect the annual CPI to indicate a growth of 1.5% compared to the previous reading of 1.4%, while the monthly CPI is predicted to remain unchanged at -0.2%. The main event...
Here is my analysis for USDCHF on H4 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
A note from Bank of America's strategy department about the Fed follows The market was ahead of expectations of 5 interest rate cuts next year from the Federal Open Market Committee (FOMC) and even more (6) from the European Central Bank. BoA believes that expectations need to be tempered due to: Core inflation remains high And inflation risks are higher in...
Trade Details Sell Limit Entry: 0.90659 Take Profit 1: 0.89861 Take Profit 2: 0.88889 Take Profit 3: Stop Loss: 0.90844 Key Notes Order flow: Bearish Trend: Bearish Structure: Broken Entry at order block (supply) Disclaimer: This is just a sample template and should not be used as financial advice. Always do your own research before...
Here is my analysis for USDCHF on H4 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
If you read my trade setup on this pair from July, I had predicted a decline below 0.86 followed by a rebound surpassing 0.88, settling within the monthly range. The lowest point reached was 0.855, followed by a consistent bullish trend for 12 consecutive weeks. As a result, the price appears overbought as it enters a Weekly SUPPLY/SELL zone and approaches a...
USDCHF Completed Double/Triple Top Formation. For Safe Entry, we will take the trade at the break of Neckline. Keeping stopLoss Above recent HH.
As we are in choppy and consolidation market, expecting a move to arrive for the downside and target 0.8660. we are in a deep long term bearish trend which I expect to resume once we get out of consolidation phase. Expecting Price to Retest its resistance level around 0.8830 level once more before declining.
USD-CHF has hit a resistance Cluster of the falling and Horizontal resistance lines At around 0.88370 from where We are seeing a bearish Reaction so I think that We will see a further Local move down ! OANDA:USDCHF
Today is an important event CPI at 8:30am Newyork time, Expecting a first move to be a manipulation one and after that price should drop down towards the target level. As per experience we should always wait for the event to get over and then should take position in a respective trade setup.
Lat week we saw USD/CHF pull back from the 0.8800 area, after its rally stalled around 0.8800, the 50-day EMA and failed to rest the May low. Prices have drifted higher during Monday's Asian session, but seemingly hesitant to break above the 2021 low. The bias remains bearish beneath last week's high and for a move to 0.8600. Who knows, if US CPI comes in soft...
DXY is not strong enough to handle CHF. I believe it will after retracement. Better to look sell setup on it.
Hey Everyone, let me talk you through the charts, based on what I have seen price remained bullish throughout last with mainly due to DXY. Price have dropped in AB=CD pattern where we expect price to drop further after completely the last touch to 'POI' OR ' POINT OF INTEREST'. Once price drops as described over the chart, we would expect price to reverse at over...