7 Dimension Analysis For USDCHF 😇 7 Dimension Analysis
Time Frame: H4, D1
1️⃣ Swing Structure: Bearish on both time frames
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Corrective, indicating a nearly completed sideways move
🟢 Inducement: Liquidity sweep with a long wick candle
🟢 Decisional OB: Mitigated, resistance at CIP with a strong buildup post-breakout, indicating bearish strength in the area
🟢 Traps: Shakeout completed in this area (Arrows)
🟢 Time Frame Confluence: Daily and H4
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal with a triple top observed during this phase, forming a Consolidation Rectangle
🟢 CANDLE PATTERNS: Notable long wick, Open low/high pattern awaiting confirmation, and an already formed Tower Top
3️⃣ Volume
🟢 Fixed Range: Sell volume predominant in this area
🟢 Low Volume on Breakout: High volume in the purple rectangle area, but without updating Upside move. Expecting a sharp downward move.
4️⃣ Momentum RSI
🟢 Zone: Price in a wide bearish range
🟢 Range Shift: Bearish to sideways shift observed
🟢 Grandfather Father Son: A 6-star selling setup according to this RSI strategy, with an 80% probability
5️⃣ Volatility Bollinger Bands
🟢 Middle Band: No confirmation yet
🟢 Contraction: After an expansion move, the market is now in full contraction mode, making outside-of-the-band closing crucial
🟢 Squeeze Breakout: Anticipated
🟢 Walking on the Band: Awaiting
🟢 Headfake: Two observed
🟢 Band Puncher: Three times observed
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6️⃣ Strength According to ROC
🟢 Values: CHF 7.19 vs. USD -3.46
7️⃣ Sentiment
☑️ FIB Trigger Event: Done
☑️ Trend Line Breakout: Awaiting
💡 Decision: Sell
🚀 Entry: 0.8474
✋ Stop Loss: 0.8590
🎯 Take Profit: 0.8133
2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO
😊 Risk to Reward Ratio: 3
🕛 Expected Duration: 15 days
SUMMARY:
The analysis points toward a bearish sentiment, advocating for a sell decision. The entry is set at 0.8474, with a stop loss at 0.8590, take profit at 0.8133, and a risk-to-reward ratio of 3, expecting completion in approximately 15 days.
Usdchfanalysis
Will USDCHF breakout Tomorrow? (after US Inflation report)Will USDCHF breakout Tomorrow? (after US Inflation report)
USDCHF recently surpassed both its 50 and 100-hour moving averages, yet it remains confined within its 2024 trading range.
Fluctuations between risk-on and risk-off sentiments keep the pair moving between 0.84635 and 0.85294. Initially, bullish optimism followed comments from Atlanta Federal Reserve President Raphael Bostic, suggesting 2 potential interest rate cuts by the end of 2024. Additional news this week supporting the Swiss franc was the inflation rate in Switzerland rose to 1.7% in December 2023 from 1.4% in the previous month and above forecasts of 1.5%.
However, a recent shift towards risk aversion has led investors back to the US Dollar, however without creating a distinct market trend.
When will this non-trending market transition into a more trending market? Perhaps at the drop of the US inflation report tomorrow.
In the meantime, maintaining a bullish stance depends on the price staying above its elevated 100-hour moving average at 0.85100 and a break of the recent high at 0.8535 could instigate more buying momentum. A drop below this level could shift the bias towards neutrality.
USDCHF: Morgan Stanley: Fed will keep interest rates higher for Ellen Zentner, chief U.S. economist at Morgan Stanley, said:
"The Fed will cut interest rates this year."
But "the Fed can be patient and take its time."
Morgan Stanley expects the Fed to cut interest rates for the first time at its June meeting.
The Fed will keep interest rates stable for longer than the market expects.
But if that happens, there will be more cuts than expected.
The first rate cut of 25 basis points will take effect in June.
Subsequent rate cuts are expected to occur by 25 basis points at meetings in September, November, and December.
USDCHF - Look for a short ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I expect price to continue the retracement to fill the imbalance higher and then to react from institutional big figure 0.85000.
Fundamental news: Next week on Friday will be released NFP and Unemployment Rate in USA. News with a lot of impact.
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USDCHF - D1\H4USDCHF
D1 - Possible completion of the 5th wave structure, which may lead to the beginning of an upward movement to the levels of 0.88790 - 50% of the impulse at W1.
H4 - A 3-wave structure has been formed, which can lead to further upward movement, targets which can be seen at 0.86708. It is also worth considering fixation behind the trend line, confirmation of the continuation of the ascending structure.
What can you expect?
You can consider entering from these levels ~0.85741 with a target of 0.88790
If you use local movement, cancel if the price breaks the minimum of the 2nd wave - 0.85338. If you are considering a long-term forecast, cancel the idea when the minimum of the 1st wave is broken - 0.85078
Long - local
Target 0.85854 - 0.86115 - 0.86337 - 0.86708
Long
Target 0.86115 - 0.86708 - 0.87908 - 0.88790
USDCHF - Still bearish ✅Hello traders!
‼️ This is my perspective on USDCHF
Technical analysis: Here we are still in a bearish market structure, so I see price to continue the retracement to fill the imbalance higher and then to reject from bearish order block for a short position.
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USDCHF H1, POSSIBLE SHORT from the RESISTANCEHello Traders!
This is my perspective for USDCHF H1. I see a strong resistance level, exactly at the same level we can see an Order Block (price 0.87500). I expect a retracement from that level until the new WL (weekly low).
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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USDCHF - Short from premium zone ✅Hello traders!
‼️ This is my perspective on USDCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short from premium zone. I want price to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
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#USDCHF: Swing trade loading! Patience Pays;)Hello Everyone,
hope you all are having a great weekend, quick update on #usdchf. Price have consolidated for couple of week due to low volume in the market. While Chf have been bullish over USD as chf is considered as one of the safe heaven currency index. In this uncertainty time investors have shown more interest toward chf and jpy, therefore tomorrows data will be crucial for this pair future.
Like and comment if you agree with the idea.
DeGRAM | USDCHF at psychological level USDCHF broke out of the ascending channel , which was essentially a pullback of the bearish trend .
The market created the breakout pullback continuation pattern.
Price is making lower highs and lower lows, indicating potential consolidation.
We expect a pullback from resistance and channel border .
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USDCHF is ready to Jump by Rounding Bottom Pattern🚀🏃♂️ USDCHF has been moving in the Descending channel for a long time, but USDCHF started to increase by hitting the 🟡 Price Reversal Zone(PRZ) 🟡and managed to form a Rounding Bottom Pattern .
🔔I expect USDCHF to move at least to the upper line of the descending channel and possibly break the descending channel as well.
U.S.Dollar/Swiss Franc ( USDCHF ) 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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USDCHF LONGThere are signs the Swiss Franc (CHF) is weakening across major pairs. Presentlyon the 4 hour charts we have signs of a reversal targewting the unmitigated supply at 0.907. We have two possible entry positions one represented by the liquidity (in blue) and one seated below the liquidity (conservative entry)
USDCHF: BoA warns about investors being too optimistic about intA note from Bank of America's strategy department about the Fed follows
The market was ahead of expectations of 5 interest rate cuts next year from the Federal Open Market Committee (FOMC) and even more (6) from the European Central Bank. BoA believes that expectations need to be tempered due to:
Core inflation remains high
And inflation risks are higher in early 2024 as the base effects from energy prices fade.
In Europe:
Eurozone deflation at current levels could support interest rate cuts starting in March
weekly time frame overview | USDCHF supply zone in control USDCHF established a potential weekly supply imbalance ( w potential imbalance ) in between two zones W supply zone and W demand zone indicating more strength for bear sentiment and also a possibility for a range between this two zones.
if the w potential imbalance remains the W supply zone will be in control.
also if the W demand zone will take control the w potential imbalance will be raided out giving strength to W demand zone thus a bullish sentiment.
USDCHF: Sell the Rally as Market Eyes Last BottomDear Traders,
Technical Analysis:
USDCHF is positioned for a potential downward move this week, though a short-term bounce higher is also possible. The daily technical analysis shows an oscillator reading of 1, signaling the pair is overbought and could see a selloff. However, we may first get a quick spike up to 0.9113 as stops are triggered.
Just hold on and even with some hedge positions keep your account alive until the drop starts and then close your hedge and wait for TP of sell orders.
Fundamental Analysis:
The US economy has been slowing down in recent months, as evidenced by the decline in the PMI readings. This is due to a number of factors, including rising interest rates, inflation, and the war in Ukraine.
The US dollar has been strengthening in recent months, as investors have sought safety in the face of global economic uncertainty. This has made it more expensive for US companies to export goods and services, and could weigh on economic growth.
The Swiss franc is another safe-haven currency, and it has also strengthened against the US dollar in recent months. This means that USD/CHF could continue to decline in the near term.