Hello, Traders! 📢 As always, we’re back with a Forex trading signal featuring a clear target and exit strategy. 🚀 Today’s focus is on the USDCHF pair! 🔍 Let’s dive into the analysis without delay. 📊📈

🚀 USDCHF – Bullish Breakout After SNB Rate Cut!

The USDCHF pair has broken out of a falling wedge pattern, signaling a potential bullish reversal. This move comes after the Swiss National Bank (SNB) cut interest rates again, weakening the CHF, while the US Federal Reserve held its rate steady, keeping the USD strong.

With this shift in monetary policy, USDCHF buyers are gaining confidence, and a move toward 0.8908 seems likely.

🌍 Market Sentiment & Key Drivers

1️⃣ SNB Rate Cut – The Swiss National Bank (SNB) has taken a dovish stance by cutting interest rates, which weakens the Swiss franc (CHF). As a result, this shift provides strong support for USDCHF gains, making the pair more attractive to buyers.

2️⃣ Fed Holds Rates – Meanwhile, the Federal Reserve has chosen to keep interest rates unchanged, ensuring stability in the U.S. dollar. This policy decision reinforces dollar strength, which further supports the bullish outlook for the Market .

3️⃣ Technical Breakout – On the charts, USDCHF has successfully broken out of a falling wedge pattern, a classic bullish reversal structure. This breakout indicates a potential upside move, suggesting that buyers may take control in the near term.

4️⃣ DXY (Dollar Index) Strength – Additionally, the Dollar Index (DXY) is gaining momentum, reflecting overall dollar strength. A continued rise in DXY could further fuel bullish sentiment in USDCHF, reinforcing the case for higher prices.

📊 USDCHF Trading Plan – Key Levels to Watch

🔼 USDCHF Bullish Setup (Breakout Scenario)

🟢 Entry: Buy above 0.8815 after consolidation
🎯 Target 1: 0.8860 (Key resistance)
🎯 Target 2: 0.8910 (Major supply zone)
⛔ Stop Loss: 0.8762

⚠️ Risk Management:

Keep an eye on upcoming economic releases, as any unexpected SNB statements or Fed updates could impact price action.

📢 Are You Bullish?
Hit 👍 if you agree! Let us know what other pairs you’d like to see analyzed today! 🚀💰