USD/CHF Forex Signal July 06 2015 - 6 July 2015

USD/CHF Signal Update

There are no outstanding signals.

Today’s USD/CHF Signals

Risk 0.75% per trade.
Trades may only be entered between 8am and 5pm London time.

Short Trade 1

  • Short entry after bearish price action on the H1 time frame following the next touch of 0.9500.
  • Put the stop loss 1 pip above the local swing high.
  • Adjust the stop loss to break even once the trade is 20 pips in profit.
  • Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.

Long Trade 1

  • Long entry after bullish price action on the H1 time frame following the next touch of 0.9330.
  • Put the stop loss 1 pip below the local swing low.
  • Adjust the stop loss to break even once the trade is 20 pips in profit.
  • Remove 50% of the position as profit when the trade is 20 pips in profit and leave the remainder of the position to run.

USD/CHF Analysis

This pair tends to range, and at the present moment is still caught within a long-term consolidation process stemming from January’s huge price shock. Think of the CHF like a tuning fork that received a massive blow. It is still vibrating backwards and forwards, albeit with decreasing intensity.

We are currently ranging between roughly 0.9500 and 0.9250. This is a wide range but either level could give a good low risk, high reward trade opportunity.

USD/CHF Signal

At 3pm London time there will be a release of U.S. ISM Non-Manufacturing PMI data. There is nothing due today regarding the CHF.

Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.