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USD/CHF Mini

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USDCHF.1 trade ideas

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
USD/CHF Sell Trade Opportunity Using ICT Killer Zone StrategyTitle: USD/CHF Sell Trade Opportunity Using ICT Killer Zone Strategy Description: In the dynamic world of forex trading, seizing the right opportunity is crucial for success. A compelling opportunity has emerged in the USD/CHF currency pair, signaling a potential sell trade based on robust technical analysis and the highly effective Inner Circle Trader (ICT) Killer Zone Strategy. **Technical Analysis Overview:** The technical analysis of the USD/CHF pair reveals a confluence of key indicators pointing towards a potential downtrend. The pair has encountered resistance near a significant psychological level, with multiple failed attempts to break above. This resistance, combined with a bearish divergence in the Relative Strength Index (RSI), suggests that a reversal may be in the making. Additionally, the Moving Average Convergence Divergence (MACD) indicator has recently generated a bearish crossover, further supporting the notion of a potential downtrend. These technical signals align cohesively, providing a strong foundation for a USD/CHF sell trade. **ICT Killer Zone Strategy:** The ICT Killer Zone Strategy, developed by the Inner Circle Trader, is a powerful tool that combines key support and resistance levels with price action analysis. In this scenario, the strategy identifies a specific "killer zone" where price is likely to reverse, providing an optimal entry point for a sell trade. The killer zone is often marked by the confluence of key Fibonacci levels, pivot points, and historical price zones. In the case of USD/CHF, the killer zone aligns with the identified resistance level, creating a high-probability area for a trend reversal. Traders utilizing the ICT Killer Zone Strategy understand the importance of patience and discipline in waiting for the price to approach this zone before executing a trade. **Forex Pip Target:** With the sell trade initiated within the ICT Killer Zone, traders can set a reasonable pip target to maximize potential profits while managing risk effectively. The pip target should be based on the average daily volatility of the USD/CHF pair and take into consideration nearby support levels that may act as interim obstacles. Risk management is a key component of this strategy, and setting a stop-loss order just above the killer zone or the recent swing high helps protect against unexpected market movements. In conclusion, the USD/CHF sell trade opportunity, supported by comprehensive technical analysis and the ICT Killer Zone Strategy, presents an attractive prospect for forex traders seeking to capitalize on potential market reversals. As with any trading strategy, thorough analysis, disciplined execution, and risk management are paramount to success in the ever-evolving forex market.
Short
by forexpiptarget
USD/CHF--BREAKDOWNAs per Daily Price Action Price Has Been Followed trendline Last 91 Days. After Broke The Trendline Price Retest It is Trendline zone And Reverse From That Level And 50 and 20 Ema Also Broke Below Side. It Could Be best Sell Side Trade With Stop loss 0.90468 But price Has Given Good Point In Sell Side So Wait For Bounce Near Around 0.90081 Its Good Zone For Sell Target:- 0.89032 Recent Swing Low As Per daily Price Action Dollar Index Broke Lower Side Range 105 level and Sustain Below and Also Price Cross below 50 Ema And RSI Also Cross Below 40 Which Is not Good Sign For Index . We Can See Further Down move In Dollar Index. Wait For Decent bounce In 1 hour Time Frame It Could Be Good Lower Side positional trade .. Stop loss :- Above 106 Level Target:- 104.193 Please consult your financial advisor before Forex trading All research is for educational purposes only.
Short
by OCCTANS_TRADING