USD CHF for longs and shorts

USD/CHF is the abbreviation for the U.S. dollar and Swiss Franc cross. Trading the USD/CHF currency pair is also known as trading the “Swissie”. The Swiss franc is the only franc left in Europe after the rest joined the euro. It is often seen as a safe haven currency (any globally traded currency that serves as a reliable and stable store of value). In times of uncertainty, the franc usually stays stable or appreciates against its European counterparts. 

USD CHF price analysis

By using our supply and demand strategy to analysis USDCHF Forex cross pair we found two strong imbalances on the daily timeframe. Which one of them to trade? That depends on what type of trader you are. Are you trading with the trend or against the trend? Does your Forex trading plan allow you to take counter-trend trades?

USD CHF chart scenario

Find below USD/CHF Forex cross pair supply and demand analysis. We can see two strong imbalances, a first one above current price around 0.9822 and the second one below current price around 0.9536.

USDCHF Forex cross pairs forecast

The wisest thing to do would be to go short on USD/CHF Forex cross pair because the bigger picture trend on this currency pair is bearish. Unfortunately the currency pair did not retrace to it as we expected and kept on dropping.

Forex price action analysis

This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.

Trading supply and demand imbalances is ideal for beginners and those with a full or half time job, you won’t need to stay in front of the computer all day long trying to move price action with your mind. 

USDCHF supply and demand imbalances

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why is it that you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances gaining control.

Unless you are doing very short term trading and scalping, you should not worry about fundamentals or earnings announcements.

You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for price to pullback or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.

If you want to learn how to trade using our supply and demand trading strategy, join our supply and demand Forex trading course.

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