CHF Unemployment RateUnemployment Rate
The unemployment rate represents the number of unemployed persons expressed as a percentage of the labour force.
A lower than expected number should be taken as positive to the CHF, while a higher than expected number as negative.
Actual: Forecast: Previous:
3.5%
3.6%
3.7%
Usdchf!
USDCHF retreats from crucial resistance zone ahead of Swiss GDPUSDCHF posted weekly gains but eased from the short-term key horizontal area as Ukraine-Russia headlines controlled safe-haven pairs. That said, the risk-barometer currency pair retreated from a seven-week-old broad resistance zone, between 0.9275 and 0.9295, by the end of Friday. In addition to the market’s risk appetite, Swiss Q4 GDP will also make USDCHF interesting, not to forget the latest pullback. Hence, a firmer GDP and improvement in the market’s mood may extend the recent declines towards the 100-SMA level near 0.9220 before challenging the latest swing low near 0.9165. In a case where the quote drops below 0.9165, the monthly bottom and 78.6% Fibonacci retracement of January’s upside, surrounding 0.9150, will be crucial to watch for the bears.
Meanwhile, an extended risk-aversion wave, coupled with downbeat Q4 GDP will propel the USDCHF prices to battle the 0.9275-95 zone. Also acting as an upside filter is the 0.9300 threshold. Should the pair rise past-0.9300, January’s peak of 0.9340 will test the bulls ahead of directing them to November 2021 high close to 0.9375.
Overall, USDCHF may witness pullback moves should the Swiss GDP come in stronger than 0.3% expected. It’s worth noting that easing pessimism and a firmer reading near or beyond the previous 1.7% will be a boost to the pair’s downside momentum.
💡Don't miss the great sell opportunity in USDCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.9191).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 25.
Take Profits:
TP1= @ 0.9159
TP2= @ 0.9138
TP3= @ 0.9108
TP4= @ 0.9084
TP5= @ 0.9051
SL: Break Above R2
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USDCHFChannel patter formation on USDCHF on a Weekly timeframe ! Target should be around TP1-0.941 ! TP2-0.966 ! SL-0.893 !
🚫Disclaimer:
I'm not an financial analyst! I'm sharing this with public! It just learning purpose only! If u find anything wrong with this post ! U can tell me ⬇️ comments!
Thank you!!!
😊😊😊
USDCHF Trading Plan - 24/Nov/2021Hello Traders,
Hope you all are doing good!!
I expect USDCHF to go down from the mentioned level.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
USDCHF Trading Plan - 14/Nov/2021Hello Traders,
Hope you all are doing good!!
I expect USDCHF to go DOWN.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
Nov 12
Comment: Careful if you are in SELLs, the pair is correcting and may go more Up.
USDCHFDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
THIS WEEK...this week I will draw a parallel between the 1 week chart and the 1 month chart because the month has just ended and I would like to know what to expect ...
USDCHF seems to me a pretty predictable pair and with a rather low degree of risk and for this reason I will start its analysis this week!
USDCHF pulls in a very well defined trend both for 1 week and for 1 month and from careful analysis ... I think that in the next period it will go up and retest the trend line for 1 week around 0.94-0.94400 and after it go down again to reach the trend line ...
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.
💡Don't miss the great buy opportunity in USDCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (0.9048).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 60.
Take Profits:
TP1= @ 0.9075
TP2= @ 0.9093
TP3= @ 0.9117
TP4= @ 0.9130
TP5= @ 0.9163
SL= Break below S2
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💡Don't miss the great sell opportunity in USDCHF
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.9173).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDCHF is in a downtrend, and the continuation of the downtrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 0.9143
TP2= @ 0.9115
TP3= @ 0.9080
TP4= @ 0.9061
TP5= @ 0.9048
SL: Break Above R2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
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Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in USDCHFTrading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (0.9201).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
.USDCHF is in a range bound, and the beginning of a downtrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 17.
Take Profits:
TP1= @ 0.9164
TP2= @ 0.9143
TP3= @ 0.9123
TP4= @ 0.9100
TP5= @ 0.9052
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️