USDCHF OUTLOOKcurrent outlook on USDCHF. with a longterm of the dollar being bearish towards the end of the year. This is my expected technical view on USDCHF "May fortune attend thee, and thy trade prosper." .......L2EarnedShortby L2EarnedUpdated 10
USD/CHF Upward Trend Remains Under ThreatUSD/CHF attempts to retrace the decline from earlier this week as it bounces back from the 50-Day SMA (0.9086). USD/CHF Rate Outlook USD/CHF may continue to track the positive slope in the moving average as it no longer carves a series of lower highs and lows, with a breach above 0.9180 (23.6% Fibonacci extension) bringing the monthly high (0.9225) on the radar. Next area of interest comes in around the October 2023 high (0.9245), but USD/CHF may continue to threaten the upward trend from earlier this year if it struggles to hold above the moving average. Failure to hold above the 0.9030 (38.2% Fibonacci extension) to 0.9040 (23.6% Fibonacci extension) area may push USD/CHF towards the monthly low (0.8988), with the next region of interest coming in around 0.8880 (38.2% Fibonacci retracement) to 0.8910 (38.2% Fibonacci extension). --- Written by David Song, Strategist at FOREX.com by FOREXcomUpdated 2
USDCHF Resistance Rejection At 0.8944 04.06.2024- Resistance rejection observed in USD/CHF 15-minute chart at 0.89644. - If rejection holds: - High chance of rate falling to 0.89352. - If 0.89352 is broken, rate may drop to 0.89172. - If rejection fails: - High chance of rate rising to 0.89800. - Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350)Shortby BDSwiss_Academy110
USDCHF LONG and SHORT 2HOverall with bearish bias due to long term CHF strong fundamentals. Nice rejection and retest of last drop confirms it won't be easy for USD to overtake swiss. Looking for grab of eq highs/liquidity as manipulation followed by downside continuation. Entries are quite tight with mistake margin so market should verify my thesis soon. Both setups are 1:3 rrr glLongby kmiarkaUpdated 224
USDCHF SELLHi fellow traders, USDCHF is ready to make a move lower from the blue box after completing the expanding flat pattern. Target the 0.8948 level and move your stoploss to break even as soon as we reach the ‘Risk free zone’. Good luck and trade safe!Shortby OGwavetraderUpdated 226
USD/CHF Dips as Strong Swiss GDP Data Boosts FrancThe USD/CHF pair experienced notable selling pressure around the 0.9100 mark on Thursday during early European trading hours. This downward movement was primarily driven by the Swiss Franc (CHF) gaining traction following the release of a stronger-than-expected Gross Domestic Product (GDP) report for Switzerland in the first quarter (Q1) of 2024. As a result, the USD/CHF pair is currently trading 0.35% lower for the day. Switzerland's economy continued to show resilience and growth in Q1, as reported by the State Secretariat for Economic Affairs (SECO) on Thursday. The country's GDP increased by 0.5% quarter-over-quarter (QoQ), which exceeded both the previous quarter's growth of 0.3% and market expectations. On a year-over-year (YoY) basis, the GDP figure rose to 0.6%, outperforming the market consensus of 0.5%. This strong economic performance provided substantial support to the Swiss Franc, consequently driving the USD/CHF pair down to its weekly lows. The positive GDP data highlights the underlying strength of the Swiss economy, suggesting robust economic activity despite global uncertainties. The stronger economic performance is likely to influence the Swiss National Bank's (SNB) monetary policy stance, potentially leading to a more hawkish outlook, which further supports the CHF. From a technical perspective, the USD/CHF pair shows signs of a potential bearish reversal. On higher timeframes, a divergence has been observed, indicating that the recent price action might not be sustainable. The pair has also reached a significant demand area, as identified in the red rectangle, which has historically acted as a support zone. This confluence of technical factors suggests that the USD/CHF pair may be poised for further downside movement. Additionally, the broader market sentiment and the performance of the US Dollar (USD) also play a crucial role. The USD has faced pressure from mixed economic data and shifting expectations regarding the Federal Reserve's monetary policy. If the US economic indicators continue to show signs of slowing growth or if the Federal Reserve adopts a more dovish stance, the USD could weaken further, adding to the bearish outlook for the USD/CHF pair. Given these fundamental and technical factors, we are looking for a bearish setup on the USD/CHF pair. Investors and traders should closely monitor upcoming economic data releases, particularly from Switzerland and the United States, as well as any statements from central bank officials, which could provide further insights into the potential direction of the pair. In summary, the combination of strong Swiss economic performance, technical indicators pointing to a potential reversal, and the broader market dynamics suggests that the USD/CHF pair may continue to face downward pressure. This creates an opportunity for traders to consider bearish strategies, taking advantage of the current market conditions.Shortby FOREXN1Updated 336
USD_CHF WILL KEEP FALLING|SHORT| ✅USD_CHF broke the key Horizontal key level of 0.9000 And the breakout is confirmed So after some bullish pullback We will be expecting a further Move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅Shortby ProSignalsFx222
USDCHF: Long Trade with Entry/SL/TP USDCHF - Classic bullish formation - Our team expects growth SUGGESTED TRADE: Swing Trade Buy USDCHF Entry Level - 0.8990 Sl - 0.8946 Tp - 0.9064 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals116
USDCHF at Support LevelThis currency pair is at a support level. Prices had rejected that zone several times. Although the structure looks like a head and shoulder pattern, the support level hasn't been broken yet therefore an opportunity to buy is the best choice. The profit target should be the first resistance level. DISCLAIMER The signals provided by LeoFX are for informational purposes only and do not constitute investment advice. We do not guarantee the accuracy, completeness, or timeliness of the signals, and we are not responsible for any losses or damages arising from the use of our signals.Longby LeoDante_FX111
USDCHF Broke The Channel And FallingHello Traders In This Chart USDCHF HOURLY Forex Forecast By FOREX PLANET today USDCHF analysis 👆 🟢This Chart includes_ (USDCHF market update) 🟢What is The Next Opportunity on USDCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartLongby ForexMasters2000Updated 1
USDCHF - Bearish Price Action ContinuationPlanning sell limit as indicated in the chart in hopes of riding the continuation trend.Shortby linkwithasad1
USDCHF PULLBACK ??The USD/CHF currency pair has successfully breached the bearish trendline, signalling an end to the downtrend. Despite this, USD/CHF has surged over 800 pips without undergoing a significant correction. Consequently, we anticipate a pullback of approximately 300 pips before the pair resumes its bullish trajectory. Always follow risk management Shortby PotentFXUpdated 2211
USDCHF Preparing sell order in this pair. Possibly US session or tomorrow we´ll see the possibility to enter short in this pair. thks. Shortby SGsauragestionUpdated 116
USDCHF LongBased on the chart and analysis, I expect a rise in this chart from a higher time to four hoursLongby sepidehsky119
SELL USDCHD AT THE POINT OF INTEREST i expect the market to come at the point of interest and spike with a big sell use proper risk management , and have vision for the next moveShortby EvarnickChaula2
Bullish bounce off pullback support?USD/CHF is falling towards the pivot which has been identified as a pullback support and could bounce to the overlap resistance. Pivot: 0.8988 1st Support: 0.8918 1st Resistance: 0.9094 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets1111
USDCHF TRADE SETUPWait for retest the key level then take a trade for Sell otherwise skip this setupLongby JinnatAlamSumon112
USD/CHF Rate Falls Over 1% After SNB Chief's StatementsUSD/CHF Rate Falls Over 1% After SNB Chief's Statements As evidenced by the USD/CHF chart, yesterday one US dollar was worth 0.913 Swiss francs, but today it is already 0.903, indicating a rate drop of approximately 1%. According to MT Newswires, the franc's strengthening is attributed to statements by Swiss National Bank (SNB) President Thomas Jordan. In his view, an overly weak franc is the most likely source of higher inflation in Switzerland. Notably, since the beginning of 2024, the Swiss franc has weakened against the US dollar by more than 7%, one of the worst performances among G10 currencies. The exchange rate has formed an ascending trend channel (indicated in blue). Today's USD/CHF chart shows two important resistance lines: → The 0.913 level – the price could not consolidate above this level despite several attempts; → The median line of the channel. On May 22, a downward reversal occurred from this resistance block (indicated by an arrow), and today the USD/CHF price is near the lower boundary of the channel. Bullish arguments: → Near the lower boundary of the channel, demand may increase; → The psychological level of 0.9 CHF per 1 USD may provide support – this has occurred several times during the spring. It is likely that the SNB does not want the upward trend to continue, and if so, in the near future, we might see a consolidation in the USD/CHF market within the range of 0.900 – 0.913, until significant fundamental news emerges to disrupt the balance that has been forming since April. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen227
USDCHF Short term bullsUSDCHF May run to 0.92100 early next week, as the week's high. I anticipate a reversal once it reaches that level ahead of US PMI and US GDP. Given that the GDP is expected to decline, any less than forecast figure may push it 0.88700 then later to 0.88100.Shortby WisdomArnoldUpdated 2
USDCHF tm:1hHello traders. I hope you doing well. These areas are based on my personal strategy and I will share it with you. Open a sell position on the supply area or open a buy position on the demand area. Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account. But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading. I hope you will achieve maximum continuous profit with me by using supply and demand areas. Good luck traders. Mohammad Goodarzi by itsbluemorpho2
USDCHFThis Weekly FORECAST Opportunity for USDCHF. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.Shortby TREND-TITAN1
USD-CHF Bullish Bias! Buy! Hello,Traders! USD-CHF is going down Towards the horizontal Support level of 0.9000 From where we will be Expecting a bullish rebound From the level below Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals223
USDCHF showing bullish divergenceUSD/CHF was trending downwards but exhibited a bullish divergence in the RSI, indicating a potential reversal of the pattern.Longby Choughle1