WEEKLY FOREX FORECAST: DXY, EUR, GBP, AUD, NZD, CHFThis is Part 1 of the Weekly Forex Forecast. Part 2 will follow! Look for it! In this video, we will cover: USD Index EUR GBP AUD CAD NZD CHF Like and subscribe if you like the video. Thank you! May profits be upon you.19:58by RT_Money0
Swiss Franc Long IdeaA potential Long opportunity in Swiss Franc. The "Swissie" has tended to make a seasonal bottom in May and is currently bouncing of support (demand) on the weekly chart. The 4H chart then appears to show a potential accumulation schematic. The breakout above the range aligns with our bullish, seasonal bias as mentioned above. We are monitoring to initiate a long position if price pulls back into the range below 1.106. This would be a test of the schematic. If price trades below the Spring at 1.090, the idea is invalidated. Longby DaXingUpdated 1
CHF - Futures - 14/5/20241. CHF - Swiss Franc COT Report: 58,283 net positions as of 04/30/24 - Yearly high Fundamentals: Swiss Central Bank Rates: 1.50% Positive CPI Report for CHF (Forecast 0.1%, Actual 0.3%) Negative USD Non-Farm Employment Change (Forecast 238k, Actual 175k) Summary: Recent downtrend following the Swiss Bank's interest rate reduction from 1.75% to 1.50%. Signs of potential CHF strengthening post Non-Farm Payroll week. Previous is the as the same trade but this is an update, We have entered long after last nights Core PPI news Longby insanemalinUpdated 0
CHF (Swiss Franc Futures, CHFUSD)... BULLISH!The Monthly +FVG was filled, then the CISD was formed. Price traded through the BB, forming the +FVG on the way. I am expecting the BB+FVG to hold, and price to move higher from here next week. Like and Subscribe if you'r picking up what I'm putting down. Thank you for viewing.Longby RT_Money0
CHF (Swiiss Franc Futures, CHFUSD).... BULLISH!Waiting patiently for a buy setup. It's coming! CHF Futures is CHFUSD, the inverse of the FX pair USDCHF. If you are trading FX, then look for the SHORT setup on USDCHF.Longby RT_MoneyUpdated 110
CHF - Futures - 6/5/20241. CHF - Swiss Franc COT Report: 58,283 net positions as of 04/30/24 - Yearly high Fundamentals: Swiss Central Bank Rates: 1.50% Positive CPI Report for CHF (Forecast 0.1%, Actual 0.3%) Negative USD Non-Farm Employment Change (Forecast 238k, Actual 175k) Summary: Recent downtrend following the Swiss Bank's interest rate reduction from 1.75% to 1.50%. Signs of potential CHF strengthening post Non-Farm Payroll week.Longby insanemalin1
Swiss Franc Long 4/19/24Last night, the Swiss Franc surged by over 100 basis points in response to an Israeli airstrike on Iran, causing ripples across the market. Despite the widespread apprehension, the Franc stood firm as a trusted safe-haven asset. Now, as risk appetite returns, we witness the market bouncing back. Over the past 24 hours, the Swiss Franc has demonstrated a consistent uptrend during both risk-averse and risk-on conditions. Moreover, it presently holds the distinction of being the most heavily crowded short trade globally. Should prices persist in their ascent, a significant number of short positions may be compelled to unwind, amplifying the Franc's ascent further.Longby HashxCapital0
CHF - Futures - Possible tradeCHF - Futures, there is interesting levels of positioning by the commercials are taking place, it has not yet been confirmed from my end, but there is quite bit of long positions are being taken up by larger traders. Will keep an eye out for turning points in the near future in the next few weeks.Longby insanemalinUpdated 1
Swiss Franc FuturesTo confirm the USDCHF trade, a look at the Swiss franc future also shows that the franc is likely to face a few weaker years ahead.Shortby Elliott-Waves-2_01
Data-Driven Based Support Level for FuturesDuring 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 immediately. Based on this advantage, we expect a surge in buying activity at the current level or slightly lower.Longby ClashChartsTeam3
Swissie Future Full AnalysisThe video includes a full analysis of Swiss Franc Futures. The price is continuing its BULLISH structure BUT approaching the probable reaction zone. Rather than a Trading Signal the video is an observation of the opportunity to trade.Long03:55by NareshSenThakuriUpdated 1
STRONG SUPPORTThere is an active position set at strike 1.145 for the second day in a row. The portfolio consists of naked puts, and the volume for the current contract is already significant. The synthetic formula enables the owner to take a long position with zero risk when the price reaches the specified strike. !!!!!We consider this level a strong support level when reached. !!!!!!! Currently, there are no grounds for opening short positions. Keep in mind, the portfolio's appearance at the strike does not guarantee that the price will move in its direction. by ClashChartsTeam4
Major multi-year breakout in progress in Swiss FrancThe Swiss Franc is in the process of completing a massive multi-year scalloping bottom against the USD that should send CHF into new ATHsLongby PeterLBrandt9
CHF Futures Trade PlanWe are observing a rise in activity and open interest at the 1.125 Put strike. A surge of purchases is expected if the price hits the level marked on the chart (put breakeven point). The appealing graphical illustration supports this scenario, while the 11-day period before the option contract's expiration goes against it. Shortby ClashChartsTeam2
Swiss Frank Future Trade Plan based on CME option trades1.1227 price is the most interesting from a trading perspective because it falls perfectly into the sellers' range.Shortby ClashChartsTeam3
forecasting SWISS FRANC FUTURES in 30 min Hello to all investors, according to my previous studies and according to my experience as a trader, I see a good investment opportunity with a high probability of success, the details are reflected in the graphLongby yassir900
CHF Long idea based on HTF dollar weaknessThis is a quick overview of my thought process for a 6S long todayLong0by rsowenUpdated 0
Celebrating 50 Years of Financial FuturesThis is a Thanksgiving Special Report. Swiss Franc ( CME:6S1! ), Canadian Dollar ( CME:6C1! ), Japanese Yen ( CME:6J1! ), British Pound ( CME:6B1! ), Mexican Peso ( CME:6M1! ) In May 1972, International Monetary Market (IMM), a division of the Chicago Mercantile Exchange (CME), launched futures contracts on seven currency pairs. This was the world’s first financial futures instrument, a futures contract based on something other than physical commodities. What has made a Midwestern Exchange, known mainly for its Pork Bellies contract, a frontrunner in financial innovation? Bretton Woods System and its Collapse At the end of World War II, the United States and its allies created the Bretton Woods System. Essentially, it was a global monetary system governed by fixed currency exchange rates. The US dollar was backed by gold, at a fixed rate of $35 per troy ounce. Other currencies were pegged to the U.S. dollar. In 1955, one dollar was exchanged for 0.3572 British Pound, 4.2 Deutsch Mark, 3.3 France Franc, 0.986 Canadian Dollar, 360 Japanese Yen, 625 Italy Lire, etc. Each country was responsible for maintaining its exchange rate within 1% of the adopted par value by buying or selling foreign reserves when necessary. The U.S. was responsible for maintaining the gold parity. Its big commitment was allowing anyone with $35 to exchange for an ounce of gold at the US Treasury window. As global inflation rose sharply in the 1970s, many countries could not maintain the official peg. They responded by redeeming dollars for gold at the US Treasury window. With US gold reserve depleting rapidly and a gold run looming, in August 1971, President Richard Nixon announced the "temporary" suspension of the dollar's convertibility into gold. This marked the breakdown of the Bretton Woods. Central banks around the world were no longer obligated to peg their exchange rates to the US dollar. Leo Melamed and Milton Friedman With fixed rates, there was no exchange rate risk in international trade. However, flowing rate exposes importers and exporters to significant uncertainty to the amount of dollar or foreign currency they will receive or are obliged to pay for. Since its founding in 1898, CME has been the place where producers, processors, merchants, and commercial users come together to hedge price risks for a wide range of commodities. Leo Melamed, then Chairman of the CME, was convinced that the futures market is the solution to tackle the rise in exchange rate volatility. Leo set up an International Monetary Market division within the CME and prepared for new futures contracts derived from foreign exchange rates. Initially, this breakthrough idea found no friends on Wall Street. According to Leo, one investment bank president tossed it out saying he didn’t want the Chicago “Pork Belly Shooters” to contaminate the FX market. Leo met with Milton Friedman, a well-respected economics professor at the University of Chicago. Milton fully supported the ingenious design and published a feasibility study, “The Need for Futures Markets in Currencies” in 1971. Milton Friedman (1912-2006) won the Nobel Prize in Economic Science “for his research on consumption analysis, monetary history and theory and the complexity of stabilization policy” (the Nobel Committee). This changed everything. When Leo went to Washington to lobby the idea of listing foreign exchange futures, Treasury Secretary George Shultz said, “If it’s good enough for Milton, it is good enough for me.” George Shultz (1920-2021) served as Secretary of State in the Regan Administration and as Treasury and Labor Secretary under Richard Nixon. He was also the Dean of Graduate School at the University of Chicago, and a good friend with Milton Friedman. If you are interested in the story of FX futures, you may find it online and at Leo’s 1996 memoirs, “Escape to the Futures”. Foreign Exchange Futures On May 16, 1972, IMM simultaneously launched seven futures contracts based on the US dollar exchange rates to British Pound ( CME:6B1! ), Japanese Yen ( CME:6J1! ), Canadian Dollar ( CME:6C1! ), Swiss Franc ( CME:6S1! ), Mexican Peso ( CME:6M1! ), Deutsch Mark and Italy Lira. Five of those original FX contracts are still actively trading at the CME. Deutsch Mark and the Lira have been delisted since Germany and Italy joined the Euro currency. The new contract, Euro/USD FX ( CME:6E1! ), becomes the most active CME FX future contract. FX contracts saw exponential growth in trading volume in the next fifty years. In the first 9 months of 2022, average daily volume for all FX futures and options reached 983,000 lots, according to the CME Group. On November 15th, Euro FX alone traded 359,000 lots and had an open interest of 683,293 contracts. My writings on TradingView include a number of trade ideas on FX futures contracts. Please take a look if you haven't yet. FX Futures were the start of a “Financial Revolution” in the futures industry. The next few years saw new breeds of futures contracts, including interest rate futures between 1975 and1977 and equity index futures in 1982. During the holiday season, I would start a series on the leaders and innovators at CME, CBOT and KCBT. They brought GNMA Futures, T-Bill and T-Bond Futures, Eurodollar Futures, Value-Line Index Futures and S&P 500 Futures to life and revolutionize the financial derivatives world as we know it today. Happy Trading. Disclaimers *Trade ideas cited above are for illustration only, as an integral part of a case study to demonstrate the fundamental concepts in risk management under the market scenarios being discussed. They shall not be construed as investment recommendations or advice. Nor are they used to promote any specific products, or services. CME Real-time Market Data help identify trade set-ups and express my market views. If you have futures in your trading portfolio, check out on CME Group data plans in TradingView that suit your trading needs www.tradingview.com Editors' picksEducationby JimHuangChicago4484
Swiss franc Futures (6S1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 1.04785 Pivot: 1.04350 Support :1.03890 Preferred Case: On the H4, with RSI is showing an ascending trend, and the price is consolidating now, we would hold a short term bullish bias that price may rise from the pivot at 1.04350 where the swing highs are to the 1st resistance at 1.04785 where the overlap resistance is. Alternative scenario: Alternatively, price could drop to 1st support at 1.03890 where the 38.2% fibonacci retracement is. Fundamentals: US CPI was out yesterday, which caused a big jump of the USD, the price may pullback after that.by Tickmill1
Swiss franc Futures (6S1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 1.04785 Pivot: 1.04350 Support :1.03890 Preferred Case: On the H4, with RSI is showing an ascending trend, and the price is consolidating now, we would hold a short term bullish bias that price may rise from the pivot at 1.04350 where the swing highs are to the 1st resistance at 1.04785 where the overlap resistance is. Alternative scenario: Alternatively, price could drop to 1st support at 1.03890 where the 38.2% fibonacci retracement is. Fundamentals: US CPI was out yesterday, which caused a big jump of the USD, the price may pullback after that.Longby Genesiv110
SWISS FRANC Futures (6S1!), H4 Potential for Bullish RiseType : Bullish rise Resistance :1.03220 Pivot: 1.02695 Support : 1.03220 Preferred Case: On the H4, with the price pullback from the support, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.02695, where the current price is to the 1st resistance at 1.03220, where the overlap resistance and 23.6% Fibonacci retracement are. Alternative scenario: Alternatively, price could drop to the support at 1.02025, where the swing lows are. Fundamentals: The CPI m/m and Retail Sales y/y are out today, both of them are better than the expectationa nd previous data.by Tickmill0
SWISS FRANC Futures (6S1!), H4 Potential for Bullish RiseType : Bullish rise Resistance :1.03220 Pivot: 1.02695 Support : 1.03220 Preferred Case: On the H4, with the price pullback from the support, combined with the fundamental news, we have a short term bullish bias that the price may rise from the pivot at 1.02695, where the current price is to the 1st resistance at 1.03220, where the overlap resistance and 23.6% Fibonacci retracement are. Alternative scenario: Alternatively, price could drop to the support at 1.02025, where the swing lows are. Fundamentals: The CPI m/m and Retail Sales y/y are out today, both of them are better than the expectationa nd previous data.Longby Genesiv0
SWISS FRANC FUTURES (6S1!), H4 Potential for Bullish RiseType : Bullish Rise Resistance : 1.06965 Pivot: 1.05910 Support : 1.04780 Preferred Case: On the H4, with prices moving above the ichimoku indicator and within the ascending channel , we have a bullish bias that price will rise to the pivot at 1.05910 where the swing high resistance and 78.6% fibonacci projection are. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 1.06965 where the overlap resistance, -27.2% fibonacci expansion, 100% fibonacci projection, 127.2% fibonacci extension and 78.6% fibonacci retracement are. Alternative scenario: Alternatively, price could drop to the 1st support at 1.04780 where the pullback support is. Fundamentals: Since there is a surprise rate hike by 50bps to -0.25%, we have a bullish view on the Swiss Franc.Longby Genesiv0