USDCHF: Potential risk!The USD/CHF has dropped to a fresh low for the week, falling below the 0.9126 level. This decline is attributed to recent economic data from the US that indicates a decrease in inflation, leading to speculation that the Fed may halt its tightening cycle. This has resulted in increased pressure on the US dollar. As of now, the USD/CHF is trading at 0.9127, which is lower than its initial value.
USDCHF Technical analysis: Despite the USD/CHF's attempt to reach 0.9100, sellers were unable to break it decisively. The flat readings of technical indicators, such as the Relative Strength Index (RSI) and the Rate of Change (RoC), suggest that sellers are leaving the market. However, if the USD/CHF falls below 0.9100, it could challenge the year-to-date low of 0.9059. Conversely, if buyers regain 0.9150, it could lead to a rebound towards 0.9200 and higher.
It is probable that the decline will persist!
Usdchfshort
USDCHF - Bearish to sell stop liquidity ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: As we can see here we are in a bearish market structure, so I am looking for shorts. Price filled perfectly the imbalance and mitigated bearish order block which means I will open a short position. My target is sell stop liquidity for a new lower low.
Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis.
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TRADE UPDATE USDCHF Short still on to 0.8946BIAS - Bearish
Inv C&H formed a while ago, which still seems to be at play.
M Formation - recent which is confirming further downside to come.
21>7 - Bearish
RSI<50
Price <200
Target 0.8946
There is a larger sell target due to the M Formation, but we are still playing this one from the previous formation.
USDCHF SellThe USDCHF pair managed to break 0.9235 level and hold below it, to complete forming the descending triangle pattern that appears on the chart, getting negative motive that we are waiting to push the price to continue the decline towards our negative targets that start at 0.9150 and extend to 0.9060. Therefore, our bearish overview still valid and active, supported by moving below the EMA50, reminding you that the continuation of the bearish wave depends on the price stability below 0.9316.
USDCHF h1 main trend is still down. In the short term, it is possible that the pair will accumulate sideways in the 0.9150-0.9190 zone and then break down. Recommend waiting to sell to 0.9190, SL: 0.9240, TP: 0.9120
USDCHF top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCHF SELLwe are Currently looking at USDCHF Massive Sell for about 160 pips plus, breaking it down for understanding Educationally so basically we are Currently on a Massive Resistance zone on the HTF and which we go rejected so on the LTF we got a rejection on on the Resistance zone, we are expecting price to melt down to the Support Level, so let’s patiently wait on a retracement to our sell zone before taking our sells thank you. Drop a Comment on what you think
USDCHF in descending triangle?USDCHF -
The primary trend remains bearish.
Our short term bias remains negative.
A break of the recent low at 0.9230 should result in a further move lower.
Expect trading to remain mixed and volatile.
We look for losses to be extended today.
24h expiry - We look to Sell a break of 0.9228 (stop at 0.9261)
Our profit targets will be 0.9146 and 0.9126
Resistance: 0.9300 / 0.9340 / 0.9360
Support: 0.9250 / 0.9230 / 0.9200
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
USDCHF - Bearish price action ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: As we can see price changed into bearish market structure from 4H timeframe perspective and started to form new lower lows and lower highs. Price rejected from OTE 0.705 level of FIBONACCI and filled partially the imbalance. I expect bearish price action upcoming week as we have a huge imbalance lower that has to be filled.
Fundamental analysis: On Wednesday 22nd of March we have news events on USD. Federal Reserve of USA planned to raise interest rate by 0.25%, also we have FOMC Press Conference the same day. On Thursday 23rd of March we have news events on CHF. As well SNB planned to raise interest rate by 0,5% supported by a Press Conference after the display of the results. The raise of interest rate means strength of currency, but due to the fact that SNB could raise by a bigger % this could support our bearish price action.
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USDCHF: Retail Wipeout I expect price to pierce the remaining liquidity with the news today.
Understanding where price may flow is easy, finding a sell entry is the difficult part.
I have marked an 'expected sell' zone but the reality is it could sell anywhere between now and the previous high.
So for now I will just be observing and if intuition tells me to sell, I will.
Good luck with the news today gang!
USDCHF top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDCHF - Risky long ✅Hello traders!
‼️ This is my perspective of USDCHF .
Here I opened a risky long position as I saw price to reject from bullish order block and my target are imbalances higher that have to be filled.
‼️Attention!!! Due to the fact that we have news events on USD on Tuesday and Wednesday, the analysis can be invalidated.
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USDCHF: BEARISH OUTLOOKThe USDCHF has experienced a substantial increase in price from 0.90603 on February 1st to 0.94284 on February 27th, with this level being retested on March 1st, indicating a month-long upward trend. On February 27th, a large bearish harmonic pattern was observed across the M30, H1, and H4 time frames, leading to a sharp decline in price towards a resistance zone, which later turned into a support zone (0.93604 - 0.93513) after being tested three times and rejecting price to the upside.
Presently, the price has returned to this support zone (0.93604 - 0.93513), resulting in a strong buying reaction. If this support zone is held firmly by buyers, a potential price rally towards the resistance zone (0.94109 - 0.94205) may occur. However, such a rally would likely be short-lived, as it is expected that the price will experience a significant drop in the coming days in order to respect the bearish harmonic pattern.
Therefore, here are my 2 intraday perspectives:
1. A minor increase towards the resistance zone may occur, while the broader outlook suggests that a bearish sentiment may have started.
2. From an M15 perspective, there appears to be a head-and-shoulders pattern in the process of forming. The left shoulder and head have already been established, while the right shoulder is currently being formed, thereby confirming the likelihood of a brief intra-day rise before a significant decline in price to 0.92882, the broken resistance region or deeper.
However, if the pattern is not validated, it becomes null and void.
USDCHF to find resistance at previous support?USDCHF - Intraday - We look to Sell at 0.9348 (stop at 0.9375)
Short term bias has turned negative.
Our bespoke support of 0.9341 has been clearly broken.
Previous support at 0.9340 now becomes resistance.
50 4hour EMA is at 0.9350.
20 4hour EMA is at 0.9349.
Preferred trade is to sell into rallies.
Our profit targets will be 0.9281 and 0.9271
Resistance: 0.9315 / 0.9340 / 0.9360
Support: 0.9295 / 0.9275 / 0.9260
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
SasanSeifi 💁♂️ USD/CHF 1H ⏭ 0.92500/0.92200 ? ❗❗HI TRADERS ✌
The Possible USDCHF scenarios are marked in the chart .We can expect that the price will be corrected to the range of 0.92500/0.92200. The possibility of a positive reaction from the range of 0.92500/0.92200 can be considered. Otherwise, if the low price stabilizes at the level of 0.92200, we may see further correction. We have to see how the price will react to the specified range of demand and orderblock
The supply Zone is 0.93200/0.93500.
If the price penetrates above the range of 0.93500, the desired scenario will be fielded.
❎ (DYOR)...⚠⚜
WHAT DO YOU THINK ABOUT THIS ANALYSIS? I will be glad to know your idea 🙂✌
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USDCHF - Long active ✅Hello traders!
‼️ This is my perspective of USDCHF .
Here we are bullish from H4 timeframe perspective, so I am looking for longs. I expect bullish price action from here as price filled the imbalance and rejected from bullish order block + institutional big figure 0.93000.
‼️Attention!!! Due to the fact that we have news events on USD on Tuesday, Wednesday and Friday, the analysis can be invalidated.
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USDCHF to breakdown?USDCHF - Intraday
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Short term momentum is bearish.
There is no clear indication that the downward move is coming to an end.
The primary trend remains bearish.
0.9341 has been pivotal.
A break of the recent low at 0.9341 should result in a further move lower.
We look to Sell a break of 0.9339 (stop at 0.9364)
Our profit targets will be 0.9279 and 0.9269
Resistance: 0.9370 / 0.9387 / 0.9400
Support: 0.9341 / 0.9320 / 0.9290
USDCHFUSDCHF has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
[TRADE UPDATE] Quick update on the progression of this idea from last week as expected early last week we got the sell off at the strong WEEKLY resistance area with price currently trekking towards the breakout area at 0.925 which is also a weekly DEMAND/BUY area.
The current sell position is up around 100 pips I have closed 50% of the position and moved stop loss to 0.938 will hold remaining position to see if we get to the 0.925 expected level.
At this point I will then look to buy this pair please refer to related post to understand the reasoning behind this setup