USDCHF: Timing Is Everything | Forex Factory

  • USDCHF: Timing Is Everything

    From dailypriceaction.com

    The USDCHF can either be the easiest pair to trade, or the most difficult. It all depends on your timing. For instance, the selloff between early May and late June was relatively orderly, and as such, formed a nice stair-step decline. However, the rallies that followed in late June and again in August were far from ideal in terms of favorable price action. You can see just how choppy USDCHF was between mid-August and October. So has the pair transitioned back to favorable price action? It’s too soon to tell, but as choppy as the price action has been since August, the ascending channel that developed is somewhat ... (full story)

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fontu
Oct 27, 2019 12:24pm
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long time not doing trade this pair but open now to see my old pa there . real risk areas still not on both sides . price still likely to test resistances 1.0122 & 1.0375 and support 0.9690 to & fro, and real risk may come at those resistances as may tank towards 0.9186 to 0.8058 depth for support as last down to UP as big as possible !!
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ekan
Oct 26, 2019 2:22pm
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"The USDCHF can either be the easiest pair to trade, or the most difficult. It all depends on your timing."

The first sentence is right, the second not quite. It does not depend on timing, but on your style. If you look for huge trends you can ride weeks and months at a time then AUDUSD or GBPJPY are your buds. You will have a miserable time with USDCHF, and even more so with EURCHF.

My trading has always have been profitable with CHF pairs (even if lately GBP has been my focus). Its managed nature makes it ideal for range tactics I prefer (grids love choppy!), and its rock-bottom interest rate always delivers nice swaps on the sell CHF side of the trade.
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1 in 1 out
Oct 26, 2019 1:00pm
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Quoting AnniLi
Is it possible this writer has a point of view? I really like USDCHF.
Each to their own opinion.
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AnniLi
Oct 26, 2019 4:07am
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Is it possible this writer has a point of view? I really like USDCHF.
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