USD/CHF Archive

  • Trade Idea Update: USD/CHF – Sell at 1.0465

    Trade Idea Update: USD/CHF – Sell at 1.0465

    Dollar’s retreat after intra-day recovery to 1.0453 needs to break support at 1.0350 to signal the fall from 1.0630 is still in progress, then test of recent low at 1.0332 would follow, break there would confirm early downtrend has resumed and extend weakness to 1.0300,...

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  • Trade Idea Update: USD/CHF – Buy at 1.0470

    Trade Idea Update: USD/CHF – Buy at 1.0470

    As the single currency has continued to edge lower on cross-buying in Swiss franc, suggesting near term downside risk has increased for test of the Ichimoku cloud top (now at 1.0531) and possibly towards 1.0496-97 (previous support and current level of the Ichimoku cloud bottom),...

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  • Trade Idea Wrap-up: USD/CHF – Buy at 1.0480

    Trade Idea Wrap-up: USD/CHF – Buy at 1.0480

    Dollar’s intra-day rally and the breach of indicated resistance at 1.0561 suggest low has been formed at 1.0394 and consolidation with upside bias is seen for retracement of recent decline towards 1.0618, however, above there is needed to retain bullishness and signal a stronger correction...

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  • Trade Idea Update: USD/CHF – Hold long entered at 1.0627

    Trade Idea Update: USD/CHF – Hold long entered at 1.0627

    Failure to extend intra-day rebound and current retreat suggest caution on our long position and minor support at 1.0582 must hold to retain bullishness for another rise to 1.0676, break there would signal the rise from 1.0481 low has resumed for a stronger retracement of...

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  • Weekly Forex Update: USD/CHF

    Weekly Forex Update: USD/CHF

    The U.S. Dollar/Swiss Franc (USD/CHF) has been steadily trending lower, with the Swiss Franc gaining on a weakening U.S. dollar. After the July 8 low at 1.0480, prices rose steadily to current levels above the 1.0600 level. This is the first significant sign of Swiss...

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  • Trade Idea: USD/CHF – Buy at market level

    Trade Idea: USD/CHF – Buy at market level

    Although the intra-day brief drop to 1.0582 stopped out our long position, as the greenback found decent demand at 1.0582 and has rebounded, suggesting as long as this level holds, consolidation with upside bias remains for another test of 1.0676 (yesterday’s high), above there would...

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  • Trade Idea Wrap-up: USD/CHF – Hold long entered at 1.0615

    Trade Idea Wrap-up: USD/CHF – Hold long entered at 1.0615

    Dollar’s retreat after intra-day rally to 1.0676 suggests caution on our long and 1.0594 (previous resistance turned support) must hold to retain bullishness for another rise, above said resistance would bring stronger retracement of recent decline to 1.0692-97 (50% Fibonacci retracement of 1.0903 to 1.0481...

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  • Trade Idea Update: USD/CHF – Buy at 1.0615

    Trade Idea Update: USD/CHF – Buy at 1.0615

    The greenback rallied after breaking resistance at 1.0594 and easily penetrated resistance at 1.0637, adding credence to our bullish view that low has been formed at 1.0481 last week and correction of recent decline to 1.0692-97 (50% Fibonacci retracement of 1.0903 to 1.0481 and previous...

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  • Trade Idea: USD/CHF – Buy at 1.0520

    Trade Idea: USD/CHF – Buy at 1.0520

    Dollar’s rebound after holding above last week’s low at 1.0481 suggests consolidation above this level would be seen and as the Tenkan-Sen crossed above the Kijun-Sen, suggesting upside bias is seen for correction of recent decline towards 1.0637 resistance but break there is needed to...

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