USDCHFTMSP trade ideas
USDCHF rebounds near resistance at 0.8900The USDCHF has continued to rebound from its session lows earlier this week, and in doing so, it has moved back above the 200-day moving average (MA) and the broken 38.2% retracement level. However, it is currently encountering resistance around the falling 100-hour MA near 0.8900, which aligns closely with the high of a recent swing area. This level is crucial for both buyers and sellers.
If the price can break and sustain above the 0.8900 level, it would signal a more bullish outlook. Conversely, if the price stays below the 200-day MA and moves lower, it would negate the corrective trend and prompt traders to target lower levels again.
USDCHF Analysis: Potential Reversal Near Key Support LevelThe USD/CHF pair is currently trading around 0.89379, showing signs of a potential reversal after a period of bearish momentum. The chart indicates that the price could drop towards the support zone around 0.88656 - 0.88856 before reversing and moving towards the 0.90600 - 0.91000 resistance area.
USDCHF 1D Timeframe ProjectionUSDCHF 1D Timeframe Projection
DXY - Data Global forecasts say it will decline. Yes, it may, but the dollar is still rising today.
DISCLAIMER: All labelling and wave counts are done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't be bias, hope on my trade plans...try to learn, and make your strategy... Following is not that easy...
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.
USD/CHF LONG SETUPThere is an long setup in EUR/CHF
*REASONS FOR TRADE
1) EUR/CHF on support with 4 bottoms making on 15min timeframe
2) with a buying volumes
3) on a pivot (fibonacci) support
4) is moving around poc(point of control) on 15min timeframe
#set target and stoploss as per your wish/risk
#for comformation one can buy after the candel(long/strong green candel closes above the line with great volume )
*DISCLAIMER*
"don't just trust blindy on thid idea do your own analaysis to make your trade more profitable"
* BEST OF LUCK *
USDCHF weekly setupIn the USDCHF weekly setup, the price is displaying signs of a reversal following the mitigation of monthly FVG. We anticipate the price to honor the internal swing in the weekly timeframe and rally higher. A potential entry opportunity may arise after receiving confirmation from the 4-hour or 15-minute charts.
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.
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.
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.
USDCHF SHOWING A GOOD FALL WITH TRIPPLE CONFIRMATIONUSDCHF SHOWING A GOOD FALL
WITH TRIPPLE CONFIRMATION
It's showing a good falling due to the following reasons
1. First of all it's faceing a resistance from the upper marked trend
2. Second the deep confidence comes from the secondary neckline breaking on 1 hour and 15 min chat
3. Third confirmation comes from in days chat it's completely bearish
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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.
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.
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.
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."