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Swiss Franc / U.S. Dollar

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CHFUSD trade ideas

USDCHF ANALYSIS OVER H4 CHART.USDCHF bounces from the support. This year, USDCHF is rising after breaking a significant trendline that was linked to the highs of 2022 on a daily chart. A breakthrough of this trendline would raise prices inside the large triangular range. The pair appears to be in a greater degree corrective setback following a completed five-wave rally and broken trendline, based on the 4-hour chart. We are following an A-B-C corrective slide, with wave C currently hitting the first 0.8900 support zone, suggesting that there may be some short-term price stability. However, a strong rebound above the 0.9 mark and a break out of the channel are necessary for a positive restart. The next region of support, in the event of a deeper and longer C wave, would be around 0.87 to 0.86. Either way, we believe that this year's CHF downturn will persist, maybe even against the USD and a few other currencies.
Long
by charliedavies770
USDCHF MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
USDCHF MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
USDCHF MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
USDCHF MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading
CHF Loses Ground After The SNB Rate CutToday, the Swiss National Bank cut its interest rate, dropping from +1.75% to +1.50%. Last time we saw any changes made in the rate were back in June 2023, when the Bank lifted the rate from +1.75% to +1.50%. After the release of the news CHF devalued against all of its major counterparts, even against the currently-weak USD. Looking at the technical picture of EASYMARKETS:USDCHF on our daily chart, we can see that the pair popped higher today after the SNB release. The rate rose above a key resistance barrier, at 0.8886, which is the highest point of February. As long as EASYMARKETS:USDCHF continues to trade above that barrier, we will stay positive, at least with the near-term outlook. Given that the pair had already reached and overshot one of our key resistance areas, at 0.8954, we will continue aiming higher. That's when we will target the 0.9052 obstacle, or even the 0.9113 level, marked by the highest point of November 2023. In order to shift our attention to some lower areas, a break of a short-term tentative upside support line taken from the lowest point of December 2023, is needed. This way a directional change of the current uptrend may occur, possibly inviting more sellers into the game. EASYMARKETS:USDCHF could then fall to the current lowest point of March, at 0.8730, a break of which may set the stage for a move to the 0.86500 area. That area is marked near the inside swing highs of January 29th and February 1st.
by easyMarkets
USD/CHF: Bullish Trend Near Support Zone - Ideal Time for Buying"USD/CHF is exhibiting a notable upward trend, currently hovering near a strong support level. This presents a compelling buying opportunity for traders seeking to capitalize on the currency pair's bullish momentum. As the price consolidates around the support zone, there's potential for a significant upward movement. With careful analysis and strategic entry points, traders can position themselves to benefit from the anticipated continuation of the upward trend. Stay vigilant and consider incorporating risk management strategies to maximize potential gains while minimizing exposure to market fluctuations."
Long
by jadhaodipak999
Prime Buying Opportunity as if sellers gets trapWith the USD/CHF pair exhibiting resilience and strength, traders can capitalize on this situation by strategically entering long positions. The trapped sellers below the rising range support are likely to fuel upward pressure, propelling the pair to higher levels. By aligning with the prevailing trend and leveraging the trapped sellers' predicament, traders can optimize their potential for profit. However, prudent risk management remains essential. Implementing stop-loss orders and closely monitoring market developments can mitigate risks and enhance trading outcomes. Additionally, staying informed about geopolitical events and economic indicators that may influence the USD/CHF pair's movement is crucial for making well-informed trading decisions. In summary, the USD/CHF pair's current setup presents a compelling buying opportunity, characterized by trapped sellers below rising range support. By capitalizing on this scenario with a strategic approach and disciplined risk management, traders can potentially maximize their gains in the forex market.
Long
by jadhaodipak999
USDCHF extends pullback from 15-week high as the key week beginsUSDCHF stays pressured toward 0.8800 early Monday as traders await the key Swiss inflation data, namely the Consumer Price Index (CPI) for February, as well as this week’s Testimony from Fed Chairman Jerome Powell and US employment report for the last month. In doing so, the Swiss Franc pair extends the previous day’s retreat from the highest level since mid-November while reporting a failure to cross a horizontal region comprising multiple levels marked since October 19 and the 200-SMA. Given the bearish MACD signals and the upbeat RSI conditions, the latest pullback is likely to extend, which in turn highlights the 0.8770-65 support zone encompassing the 100-SMA and an upward-sloping trend line from late December. Should the quote manage to break the 0.8765 support, January’s peak of 0.8728 will act as the final defense of the buyers. Meanwhile, the USDCHF pair’s recovery needs validation from the firmer Swiss inflation data and the 200-SMA, close to 0.8835 at the latest. Even so, the aforementioned multi-day-old horizontal area near 0.8885-8910 will be a tough nut to crack for the pair buyers before retaking control. It’s worth noting, however, that the quote’s sustained trading beyond 0.8910, backed by Fed Chair Powell’s dovish tone and downbeat US jobs report, could help the quote cross the 0.9000 psychological magnet to aim for the November 2023 peak surrounding 0.9110. Overall, USDCHF is likely to extend the latest retreat but the pair’s downside appears to have a little room towards the south.
by MTradingGlobal
USD/CHF Awaits Completion of Flag and Pennant Patterns for UpsiThe USD/CHF currency pair is currently consolidating within a flag and pennant pattern, signaling potential bullish momentum ahead. Traders are closely monitoring the price action, anticipating a breakout to the upside. Learn more about the technical analysis and factors influencing the pair's movement. Stay updated with the latest developments to capitalize on potential trading opportunities in USD/CHF. @TradingView
Long
by jadhaodipak999