[SF Monedge]

Will sell EurChf 9635 if seen…UsdChf bid flows are holding it up for now.  Chf pairs are receiving the money flow so far today.  10yr Yield is not happy around 41.40 and so it may well pick up either today or tomorrow from the 41- 41.50 area. Big day tomorrow fundamentally so expecting flows to not be very aggressive today.

[SF Monedge]

UsdChf is receiving best money flow today, other pairs are very quiet and is being bought.  See 8840 likely being revisited at some point regardless of price activity and prefer the 8810-20 area for buy entry if seen.  Needs to be viable in relation to fundamental conditions (elections/data and such today).  EurChf is lofty so it either breaks out or fails well with decent conviction on the sell side, if S/P futures continue to sag it may put a cap on this pair.

[SF Monedge]

Re: Usd/Chf – I posted in Asia last night I expected UsdChf to be contained through Monday between 8810 and 8870.  A bit wide, not every day is like that.  Something substantial would be required to alter that range.  Filled long at 8810, took the money at 8850 and now flat.  Bias is clearly Usd strength and unless something profound takes place, pre-US close I don’t see the range changing through Tuesday so far.

[GVI Forex 2]

USDCHF 1-Hour Chart

USDCHF consolidating between .8800-500, broader .88-.89

Meanwhile, the bounce from just above .88 has comes close to an initial target at .8848

Low expectations day although a firm break of .8848-60 would out .8893 in play again/.

[Forex Cycle]

USDCHF Analysis: Consolidation Phase Continues, Key Levels to Monitor

Following a touch of the 0.8885 resistance level, USDCHF retraced from 0.8892 and has since been consolidating for the uptrend originating from 0.8550.

As long as the critical support level at 0.8742 remains intact, the uptrend is likely to resume. A breakthrough of the 0.8892 resistance level could propel the price towards the 0.9000 area.

Conversely, a breach below the 0.8742 support level would signal the completion of the upward movement at 0.8892. In such a scenario, the next target area would be around 0.8600.

[Belgrade Bobby]

Look at the convergence of the two …interesting…CHF becomes the biggest looser

EURUSD

USDCHF

[SF Monedge]

Expecting UsdChf to be contained through Monday between 8810 and 8870.  A bit wide, not every day is like that.  Something substantial would be required to alter that range.

[GVI Forex 2]

USDCHF 4-Hour Chart

I swore off trading the CHF after the infamous 2015 SNB-inspired flash crash (new traders should Google it) but JP has alerted me to perhaps start trading it again.

This chart shows a failed breakout and subsequent retreat. Ket levels can be seen in the chart.

The CHF along with the JPYT are two of the most sensitive currencies to moves in US interest rates although respective central bank risk is in the opposite direction. . The SNB is seen as the most likely CB to cut interest rates first while the market is waiting for the BoJ to finally raise rates.

[SF Monedge]

JP – I already took the money on the earlier UsdChf sell andam flat. Looking for another pop above 8840 next week to short again if deemed viable.

[Mtl JP]

usdchf 8840 ish is making a H&S structural shoulder on the hourly.

I like H&S plays. IF n when 8840 breaks down and holds as Res then measured trgt is 8786

[Mtl JP]

USDCHF 8843
looks like it is basing around here and so stretching the 8889 – 8843 GAP thusly

still above its previous approx 8815 top of old range

[Mtl JP]

USDCHF 8857
developing a price GAP

fwiw

[Mtl JP]

USDCHF 8860
–
here is a first in a few days (over a week) : a (dlr) break out UP and holding

[SF Monedge]

See UsdChf likely targeting 8850 inevitably.

[Mtl JP]

curious george is perplexed
why his lying long USDchf oder at 8808 did not get filled

ahhhh nevermind why lol its likely the australian dingos yelping and prancing around for no fundamental reason just stealing pips unless it was my dealer gaming the spread

[Forex Cycle]

USDCHF Analysis: Uptrend Continues, Resistance and Support Levels

The USDCHF pair is currently above a rising trend line on its 4-hour chart, indicating that the pair remains in an uptrend from 0.8550.

As long as the trend line support holds, the pullback from 0.8885 could be seen as consolidation for the uptrend. A breakthrough of the 0.8845 resistance level could trigger another rise to test the 0.8885 resistance level. A breakthrough of this level would aim for the 0.9000 area.

The key support level is located at 0.8782. Only a breakdown below this level would indicate that the upside move has completed at the 0.8885 resistance level already. In this case, the pair would find next support at around the 0.8650 area.

[Belgrade Bobby]

USDCHF

Day ahead – might be the Play of the day

Pair broke above the channel resistance line , and based on the pattern recognition, next few bars should go straight Up.

Support is at 0.88695

Resistances at : 0.88850 , 0.8900 and 0.91150

Buying it is only reasonable action, and coupled with a very tight stop just below the support line, gives an opportunity for over the average profit.

As mentioned – coupled with a very tight stop – makes the job easy….chance for a sizeable profit with just a bit of risked money.

[GVI Forex 2]

EURUSD range this week 72 pips (0.67..%)

Usdjpy 194 pips (1.3%)

USDCHF 104 (1.2%)