Category: USDCHF

  • Chart Art: USD/CHF Is Facing A Major Resistance At .8700!

    USD/CHF does not appear to be breaking through the major technical resistance area! Is it time to short the dollar against its safe-haven counterpart? We take a closer look at the daily chart! USD/CHF 1 Hour Forex Chart by TradingView The US dollar does not appear to be maintaining its…

  • USDCHF this week settles in a higher up and down trading range.

    A week ago today, the USD/CHF pair broke to the upside and broke out of the “red box” that trapped the pair back to August 20. The US jobs report was the catalyst for the move to the upside, but by Monday, the price had fallen back to the top…

  • USDCHF breaks out. The pair surges outside the “Red Box” after stronger US jobs report

    The US jobs report sent USD/CHF finally out of the bullish and bearish trading range that had mostly confined the pair between 0.8399 and 0.85368. The price was trading near 0.85166 before the report was released, and has now risen to 0.8607. At the top, the price experienced a 61.8%…

  • Chart Art: Can USD/CHF Go for a Reversal Soon?

    This USD pair has been trading sideways recently but also appears to be forming a short-term reversal pattern. So, will the USD/CHF pair remain stuck in consolidation or could it head towards the upside soon? You better keep this neckline resistance level on your radar! USD/CHF currency pair over 4…

  • USDCHF continues its up and down trading within trading range

    The USD/CHF pair continues to trade within a narrow range, oscillating between 0.8400 and 0.85368 since August 20 (a month ago now). Most of the price action has been contained within this range, with short-term extremes on either side quickly fading away. Key technical levels include the 100-bar moving average…

  • USDCHF continues its up and down trading within trading range

    The USD/CHF pair continues to trade within a narrow range, oscillating between 0.8400 and 0.85368 since August 20 (a month ago now). Most of the price action has been contained within this range, with short-term extremes on either side quickly fading away. Key technical levels include the 100-bar moving average…

  • USDCHF is not escaping the up and down volatility. Testing a key technical target.

    The USDCHF pair continues to experience choppy price action, with the current move testing a crucial downside target. After failing to break above the 38.2% retracement level of the decline from the mid-August high to the September low, the price has returned to the downside. The 38.2% retracement level was…

  • What is the technical roadmap for the USDCHF through the FOMC rate decision.

    In this video, I take a look at the technical roadmap for traders through the FOMC rate decision. What could increase the bearish bias and why? What could shift the bias to the upside – at least in the short term. With the price falling and trading near the 2024…

  • USDCHF trades between 100/200 hour MAs

    While the EURUSD and GBPUSD pair are trading between the 100 and 200 hourly moving averages, the USDCHF pair is also trading between these two moving averages with the last trading day of the week starting. The 100-hour moving average is below the current price at 0.8448 (blue line in…

  • USDCHF trades between 100/200 hour MAs

    While the EURUSD and GBPUSD pair are trading between the 100 and 200 hourly moving averages, the USDCHF pair is also trading between these two moving averages with the last trading day of the week starting. The 100-hour moving average is below the current price at 0.8448 (blue line in…

  • USDJPY & USDCHF lower in early trading to start the new week. What next technically?

    High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…

  • USDCHF technicals are pretty easy as it trades between MA support and resistance.

    On Wednesday, the USD/CHF pair returned above its 100-hour moving average, and although the price corrected lower in yesterday’s Asian session and early European session, the bearish momentum found willing buyers near this moving average level. The subsequent rally on the back of yesterday’s rally in US stocks (and the…

  • USDCHF bounces as flight to safety flows abate. What levels are in play going forward?

    The USD/CHF pair has been falling this week on safety-seeking flows following a strong sell-off in equity markets. The drop has taken the price back below its 200-day moving average near 0.8883, and the 38.2% retracement of the upside move from the December low is also at this level. Further…

  • The USDCHF is sharply lower on the day,but respects key support target near 0.8819-0.8825.

    Yesterday, the USD/CHF pair rose and found support at the 200-day moving average early in the day, which turned the bias to the upside. It rose above the 38.2% retracement level of the recent move lower at 0.89072, extending to a high of 0.8923 before slowing at the close. But…

  • USDCHF respecting support and resistance in trading to start the new trading week.

    The USD/CHF pair is trading up and down in a limited range. The price is moving above and below the swing low at 0.88808 and the 200-day moving average at 0.8883. The 38.2% of the move up from the December 2023 low is also within the swing zone at 0.8883.…

  • USDCHF sellers push the price to the low for the week. Price back below the 100 day MA.

    The USD/CHF pair is trading at fresh weekly lows today after hitting resistance at the start of the trading week (Monday). This upside resistance came in the swing zone between 0.9044 and 0.90565. The subsequent move to the downside tried to find support against its 100-day moving average mid-week but…

  • Chart Art: Downtrend Pullback For USD/CHF?

    The rally in USD/CHF from the previous week pushed the pair to a key technical resistance level this week. Can the bulls maintain their momentum? Or is USD/CHF ready to extend the long-term trend? USD/CHF currency pair 4 hours Chart by TradingView As you can see, the USD/CHF pair made…

  • The USDCHF is lower keeping the seller in control. The 200D MA is a key downside target.

    USD/CHF rebounded earlier this week in the process extending above the 38.2% retracement of the downward move from the May high to the June low. The level came at 0.8986. However, the momentum could not be maintained as the price began to rotate towards the downside supported by the weaker…

  • UBS suggests shorting USD/CHF amid DXY pullback and data woes By Investing.com

    UBS recommended investors sell the pair, indicating attractive entry levels for trading. The company confirmed that the DXY index, which measures the strength of the US dollar against a basket of currencies, fell 1.5% from its peak in late April due to disappointing US economic data. Despite the Federal Reserve’s…

  • Chart Art: USD/CHF Channel Correction Levels

    Chart Art: USD/CHF Channel Correction Levels

    I see a textbook trend setup on the 4-hour time frame for USD/CHF. Will we see another channel bounce this time? Or is it the opposite of the cards? USD/CHF Forex 4 Hours Chart by TradingView ICYMI The May FOMC statement led to a significant decline in the US dollar,…