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Thread: USD/CHF

  1. #1
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    USD/CHF

    Today’s USD/CHF Signals

    Risk 0.75%.
    Trades must be entered before 5pm London time today only.
    Short Trade

    • Short entry following a bearish price action reversal upon the next touch of 0.9982.
    • Place the stop loss 1 pip above the local swing high.
    • Move the stop loss to break even once the trade is 20 pips in profit.
    • Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride.

    Long Trade

    • Long entry following a bullish price action reversal upon the next touch of 0.9823.
    • Place the stop loss 1 pip below the local swing low.
    • Move the stop loss to break even once the trade is 20 pips in profit.
    • Take off 50% of the position as profit when the price reaches 25 pips in profit and leave the remainder of the position to ride.

    The best method to identify a classic “price action reversal” is for an hourly candle to close, such as a pin bar, a doji, an outside or even just an engulfing candle with a higher close. You can exploit these levels or zones by watching the price action that occurs at the given levels.

  2. #2
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    Post

    Forex Market Analysis - USD/CHF keeps the red out cold mid-0.9900s, beyond 1-week lows

    A modest pickup in the US sticking together yields further revive USD demand and extend some share.
    The prevalent cautious atmosphere seemed to underpin CHF's safe-wharf status and keeps a lid.

    The USD/CHF pair held apropos to its weaker sky through the mid-European trading session, albeit has managed to recover few pips from an intraday low level of 0.9912.

    The pair outstretched last week's disavowal slide from the vicinity of the key 1.0000 psychological marks and traded furthermore a negative bias for the third session in the previous four. Anxiousness on the severity of the upcoming key business risk weighed concerning investors' appetite for perceived riskier assets and buoyed the Swiss Franc's relative safe-port status.
    The downtick, however, managed to locate some maintenance ahead of the enormously important 200-morning SMA call off, along in the middle of a modest uptick in the US Treasury treaty yields reviving the US Dollar request and helping limit supplementary downside, even if dovish Fed rate hike expectations kept a lid concerning meaningful recovery.
    This week's key focus will be the high-level US-China trade talks and the latest FOMC monetary policy update, which followed by the keenly watched US monthly jobs savings account (NFP) would have the funds for some open impetus and an assist going on investors determine the pair's the adjacent leg of a directional touch.
    In the meantime, broader flavor risk sentiment and the USD price dynamics might continue to the argument as key determinants of the pair's trading be sprightly together along plus absent relevant state upsetting economic releases upon the first morning of an added week.

  3. #3
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    Post USD/CHF surges back closer to overnight swing high, near 1.0100 handle

    Catches some aggressive bids despite a modest USD profit-taking slide.
    Risk-on mood/surging US bond yields remained supportive of the move.


    The USD/CHF pair continued gaining positive traction through the early North-American session and is now fast approaching the overnight swing high to near three-month tops.

    Having broken out of the Asian/early European session consolidation phase, the pair picked up the pace and built on its recent bullish trajectory from the 0.9900 neighborhood, or the very important 200-day SMA support.

    The strong intraday up-move seemed rather unaffected by a modest US Dollar pull-back from multi-week tops, with bulls taking cues from the prevalent risk-on mood, which tends to dent the Swiss Franc's relative safe-haven status.

    Optimism over a possible resolution of the US-China trade disputes boosted investors’ appetite for riskier assets - like equities and was further reinforced by a follow-through upsurge in the US Treasury bond yields.

    It would now be interesting to see if bulls finally make it through the 1.0100 handles or the up-move once again fizzles out at higher levels as the focus now shifts to speeches by several FOMC officials, including the Fed Chair Jerome Powell.

    Technical levels to watch

    On a sustained move beyond the mentioned handle, the pair is likely to aim towards Nov. swing high resistance near the 1.0125-30 region before eventually darting to reclaim the 1.0200 round figure mark. Alternatively, any immediate pull-back now seems to find support near the 1.0050 regions, which if broken might prompt some additional long-unwinding trade and accelerate the fall back towards the parity mark.

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