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...
Here I have USD/CHF on the 4 Hr Chart!
Price has been making quite a effort working back up since its last encounter as a Double Bottom with the Low @ .83321.
After stabilizing, I have come to believe we are looking at an Elliot Correction Wave!
My idea requires price to break Confirmation @ .85764, then Price Action will initiate my Trade Action Plan.
If...
Currently, USDCHF is in a downward trend, but when it breaks the red average indicated by the blue arrow and enters the green zone, we open a sell deal.
Hello,Friends!
Previous week’s green candle means that for us the USD/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 0.851.
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-Looking to trade the 2h structure short, but it will require some patience:
-its reacting bullish on very old lows, but it may take longer untill it will reverse,so
-shorts look better for now, from HTF pov
-Ill have some patience to notice some displacements below the red box, where i set alarms to wait a retracement
We have seen the usd chf retrace to a lovely sell position we have reached the weekly resistance level here if we reject here there could be a really nice path down to the previous low.
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 0.8556, which is an overlap resistance.
Our take profit will be at 0.8451, an overlap support level. The stop loss will be placed at 0.8636, another overlap resistance level.
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✅USD_CHF is edging towards
The horizontal resistance
Level of 0.8579 and I think
That after the retest we will
See a bearish move down
SHORT🔥
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A glimpse of the USDCHF in the first half of 2024
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usdchf 2 scenarios . 1] buy after the break above the resistance level ..
2] sell after the break under the support level and follow the
downtrend channel ...
their is a triangular pattern that form with the trend which indicate that buyers are loosing their strenght as the triangle is closing up, sellers will soon take over and drag the price to the downside
ased on Simple Technical Analysis ( Trendline + Support & Resistance )
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Textbook trend setup identified here on USDCHF as price is following a clear downtrend structure making lower lows & highs. Price broke through the key level zone looking left with a sharp lower low. Price then pulled back to create a new lower high, & retest the previous key level support as new resistance, & is forming many rejection wicks in this region along...
Hello,Traders!
USD-CHF is trading below
The horizontal resistance
Level of 0.857 and the pair
Cant break it so I think
That we will see a
Local bearish correction
Sell!
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Check out other forecasts below too!
In the upcoming trading week, our focus turns to USDCHF, where we're eyeing a potential buying opportunity around the 0.84800 zone. Despite trading in an uptrend, the pair is currently in a correction phase, making its way toward the trend at the 0.84800 support and resistance area.
Delving into the fundamental landscape, recent Consumer Price Index (CPI) data...
