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Usdchfforecast

USDCHF - MORE DOWNSIDE ON THE HORIZON?Symbol - USDCHF CMP - 0.8228 NZDCHF continues to weaken in response to the broader decline in the US dollar. The pair is currently testing the lower boundary of its trading range. A confirmed break below this level could pave the way toward the 0.8110 level. USDCHF is exhibiting consolidation behavior, while simultaneously developing within a local descending channel. The pair is in the process of retesting support as part of its ongoing bearish movement. A consolidation phase is forming near the 0.8190 level, suggesting a potential pre-breakdown setup. The sustained depreciation of the US dollar is exerting downward pressure on the pair. Prior to extending the decline, the price may temporarily retest the 0.5 Fib retracement level or fill the nearby Fair Value Gap (FVG) Resistance levels: 0.8250, 0.8275 Support levels: 0.8190, 0.8117 The prevailing downward structure is likely to remain intact unless price action breaks decisively above the descending channel. As long as the pair consolidates near the lower end of the trading range, a short-term break below support is anticipated, potentially triggering a further decline toward the 0.8110-0.8050 zone.
Short
by akshit_official
USD/CHF 4H Analysis – Key Levels & Trade Setup🔍 Key Observations: 📌 Supply & Demand Zones: 🔴 Upper Supply Zone (~0.9000): 🔥 Strong resistance where sellers might enter. 🟠 Mid Supply Zone (~0.8850): ⚠️ Key resistance where price is testing. 🟢 Lower Demand Zone (~0.8750): ✅ Possible support where buyers could step in. 📊 Price Action: 🔼 Price is currently at 0.88230 📍 near resistance. 🔽 If rejected, it might drop ⬇️ toward 0.86531 🎯. 🔼 If buyers win, it could rise to 0.9000 🚀. 📉 Bearish Bias Expected: ❌ Rejection at 0.8850 → Drop to 0.86531 ⏳. ✅ If it breaks higher, look for 0.9000 🎯. 🔎 Final Thoughts: ⚡️ Watch for reactions at 0.8850 📍. 🔹 Bearish confirmation? Sell ➡️ 0.86531. 🔹 Bullish breakout? Buy ➡️ 0.9000. 🎯 Trade wisely! 💰📉📈
by Jameshead007
USDCHF - TECHNICAL STRUCTURE HINTING AT A POSSIBLE DECLINESymbol - USDCHF The USDCHF pair recently broke its upward trend following a shift in the fundamental backdrop, with the U.S. dollar entering a corrective phase. A potential set-up is forming on the chart that could reinforce this shift. The situation remains complex due to the ongoing tariff dispute initiated by President Trump, with European nations responding in kind, resulting in heightened economic risks. Additionally, after both Trump and Federal Reserve Chairman Jerome Powell hinted at the possibility of rate cuts, the dollar began its corrective movement, which is having a favorable impact on the forex market. From a technical perspective, the 0.9000 level is of significant importance, as it constitutes a strong zone of support and resistance. Should the bears manage to maintain the price below this level, it would confirm a shift in trend and could trigger a downward movement. USDCHF may decline to 0.8900 - 0.8700 in the medium term perspective. Key resistance levels: 0.9000, 0.9045, 0.9065 Key support level: 0.8915 While there remains the possibility that the price may revisit the range and test the 0.5 Fibonacci retracement, both technical and fundamental factors suggest a potential decline. Attention should be focused on the 0.9000 level.
Short
by akshit_official
6
USDCHF - CONTINUATION OF BULLISH TREND?Symbol - USDCHF The USDCHF pair is currently entering the realization phase following an extended period of correction. A favorable environment has been established by the ongoing uptrend and the strengthening of the dollar. The technical outlook on the daily timeframe is positive. After breaking through trend resistance, the price retested the previously breached level. Following a false breakout, the pair successfully consolidated above this key point, establishing an interim low and signaling potential for further gains. From a technical perspective, attention is now focused on the resistance level at 0.9110. Should the bulls manage to surpass this zone and establish a sustained break above it, the pair could potentially rise toward 0.9180–0.9300 Resistance levels: 0.9110 Support levels: 0.9050 Prior to breaking through the resistance, the currency pair may test the support level at 0.9050, driven by liquidity beneath this area. However, a decisive move above 0.9110 could serve as the catalyst for further upward momentum.
Long
by akshit_official
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.
by BloomFX_SIGNALS
USDCHF multi time frame analysisHello Trader, Here is the full analysis of USDCHF: 1) Monthly - No significant price action found. 2) Daily - Forming big red candles which shows weakness in the prices. 2) 4Hourly - Currently testing the buy zone/support level and is in between 0 and 0.23 fib level(which is not an important level) . 3) Current retracement level is at 0.5 which is good level for prices to move up Action marubozu candles are formed on the daily chart which shows a weakness in the prices. If the support is broken with a marubozu candle then we can see a downfall below support. Wait for these levels to look for entry opportunity . Technical Indicators: Moving Averages - Strong Sell Technical Indicators - Strong Sell Moving Averages Crossovers - Strong Sell COT data(Commitment of traders): JUNE 06/02/2020 USD - Long(17877) Short(9619) CHF - Long(13364) Short(4375) JUNE 05/26/2020 USD - Long(21039) Short(6240) CHF - Long(13246) Short(4507) How can you support me : 1) Like my idea. 2) Follow me for more analysis Feedback : Please share your feedback in comments and this will help me to improve my drawing and analysis Note : This is purely for educational purpose.
by technicalwhale
1