US Federal Court Rules Trump Tariffs UnconstitutionalUS Federal Court Rules Trump Tariffs Unconstitutional
According to media reports, the US Court of International Trade has:
- declared the tariffs imposed by President Donald Trump illegal;
- ruled that the President exceeded his authority;
- blocked the tariffs, emphasising that under the US Constitution, only Congress has the power to impose tariffs.
The decision was made unanimously by a panel of three judges. Financial markets reacted with:
- a rise in US stock indices;
- strengthening of the US dollar — most notably seen today on the USD/CHF chart, as demand for so-called safe-haven assets declined in light of the tariff reversal.
Technical Analysis of the USD/CHF Chart
The bullish momentum has broken upward through:
- a local downward trendline (shown in red);
- resistance at the 0.8300 level, near the May 22 high.
Additionally:
- the RSI indicator on the 4-hour chart has moved upwards to the overbought territory;
- the area highlighted with a purple rectangle resembles a bullish Fair Value Gap.
Could this upward momentum lead to a sustained uptrend? There is reason for doubt.
Consider the steep decline in USD/CHF in early April (driven mainly by the introduction of Trump's tariffs) and the relatively small size of today's bullish candle compared to that prior drop.
Price action seems to suggest that market participants are skeptical about any lasting change in the situation. The Trump administration has already filed an appeal, and it’s possible the White House could succeed in defending its position.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USDCHF trade ideas
USD/CHF – Pull-Back to the Launchpad 0.8340Price has now punched through the old 0.8292 lid, turning it into a support “buy-zone.”
the burst of USD strength over the last 48 hours has been driven by an unexpected round of tariff-related headlines. I’m factoring that news flow into all current setups and shifting focus to pairs that aren’t riding the same dollar surge.
USDCHF – Bearish Setup UpdateFollowing the structure break earlier this week, USDCHF pulled back to retest the broken trendline and the key resistance level around 0.82598. This aligns perfectly with our yellow sell zone of interest. Price has since rejected this area and resumed a bearish move.
We’re now looking for clean breakdowns to re-enter:
🔑 Break below 0.82598 will confirm continuation
🛡️ Break below 0.81964 is our safest sell zone with the clearest structure shift
No buy setups are in focus unless we see a major structural reversal above 0.82960, which currently looks unlikely.
USDCHF: A SHORT BUY OPPORTUNITY IS POSSIBLEThis satisfy all the elements of my trade system, I'm buying because I'll like see price push higher. A break of structure to the upside and an engineered liquidity before price broke structure. Price has returned to grab liquidity, we should see it push to our target.
USDCHF INTRADAY resistance at 0.8300Recent price action in USDCHF suggests an oversold bounce, with resistance capping gains at the 0.8300 level.
The continuation of selling pressure could extend the downside move, with key support levels at 0.8130, followed by 0.8090 and 0.8050.
Alternatively, a confirmed breakout above 0.8300, accompanied by a daily close higher, would invalidate the bearish outlook. In this scenario, USDCHF could target 0.8365, with further resistance at 0.8400 and 0.8470.
Conclusion:
The price remains below pivotal level, with 0.8300 acting as a key resistance. Failure to break above this level could reinforce downside risks, while a breakout could shift momentum back in favour of bulls. Traders should watch for confirmation signals before positioning for the next move.
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USDCHF – Awaiting Breakout Ahead of FOMC: Key Levels in Focus USDCHF – Awaiting Breakout Ahead of FOMC: Key Levels in Focus
📌 MARKET OVERVIEW
USDCHF is currently consolidating within a tight range after a technical rebound from the 0.8226 support zone. The price is testing a confluence area at the descending trendline and the 200 EMA on the H2 chart, indicating indecision between bulls and bears as we head into the high-impact FOMC event.
🔍 TECHNICAL ANALYSIS – H2 CHART
Overall Trend: Sideways corrective move within a broader downtrend channel. Price is approaching critical resistance at the EMA200 and the channel’s upper boundary.
EMAs in focus: EMA13 (black), EMA34 (orange), EMA89 (red).
Fibonacci Retracement: Price is hovering around the 0.5 fib zone (0.8298), a neutral level for potential reaction.
🎯 Key Levels & Trade Scenarios:
Major Resistance Zone: 0.8330 – 0.8368 → aligned with the 0.618 Fibonacci retracement and previous structural high.
Key Support Zone: 0.8226 → strong demand area. A break below this could expose deeper downside or set up a false break trap.
📌 Most Likely Path:
Price could dip back to 0.8226 before launching a bullish recovery targeting 0.8330 – 0.8368.
A clean breakout above 0.8368 with momentum and volume could invalidate the bearish bias and shift the trend mid-term.
🌍 MACRO & FUNDAMENTAL CONTEXT
FOMC IN FOCUS: The Federal Reserve is expected to hold rates steady at the upcoming meeting. However, market attention will be on Powell’s tone. A hawkish stance could fuel further USD strength, propelling USDCHF toward resistance zones.
SNB (Swiss National Bank) maintains a neutral tone with slight disinflationary concerns, offering limited support for the CHF and strengthening the USDCHF upside case.
US Treasury Yields are showing signs of recovery, adding bullish pressure to USD pairs.
📌 TRADING STRATEGY:
Watch for bullish reaction at 0.8226 – potential long setup if RSI divergence appears.
Short-term targets: 0.8330 → 0.8368.
Breakout Strategy: If price clears 0.8368 with conviction, shift bias to bullish continuation and monitor for FVG or trendline breakout alignment.
📣 Stay sharp for increased volatility around FOMC. Position sizing and discipline are key in macro-heavy weeks like this.
USDCHF Will Move Lower! Sell!
Take a look at our analysis for USDCHF.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 0.826.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 0.814 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USD/CHF POTENTIAL SHORTSUSD/CHF 4H - As you can see from this market, price has been continuing to trade us lower longer term, delivering us with a higher timeframe break of structure to the downside recently.
This as we know confirms an end to the corrective wave that has traded price up and into the higher timeframe Supply and confirms the start of the next impulse to trade price lower. This is a market I will be looking to take part in shortly.
As soon as price has trade into this fractal area of Supply that has been found by looking at the impulsive wave that broke structure initially we can begin looking to take the market short.
This is a case of waiting for price to trade into the area, giving us a more refined trade and one at a better price, as soon as I have something I will be sure to let you all know.
USDCHF H1 I Bullish Rise Based on the H4 chart analysis, the price is falling toward our buy entry level at 0.8232, a pullback support that aligns with the 61.8% Fibonacci retracement.
Our take profit is set at 0.8307, an overlap resistance.
The stop loss is placed at 0.8188, a swing low support level
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Potential BearsThe market looks to be in a wave 4 of a Submicro wave and has pulled back at a satisfying 38.2% Fib Level, the next move is downstairs to complete wave 5 of the same degree. We could catch some fish here.
This is solely our trading insight and not an investment advice.
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Could the Swissie reverse from here?The price is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 0.8334
Why we like it:
There is an overlap resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 0.8420
Why we like it:
There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement.
Take profit: 0.8202
Why we like it:
There is a pullback support level.
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Are we breaking up or getting rejected? Read belowStrong resistance here, is usd optimism coming back or no? let us know~~
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HOT PICK ALERT - HUGE RR ! USDCHF LONG FORECAST Q2 W22 D28 Y25👀 USDCHF LONG FORECAST Q2 W22 D28 Y25
🔥HOT PICK ALERT - HUGE RR ! 🔥
WHAT IF THE 4h 50EMA HOLD NORTH - BULL RUN MOON LONG !
Professional Risk Managers👋
Welcome back to another FRGNT chart update📈
Diving into some Forex setups using predominantly higher time frame order blocks alongside intraday confirmation & breaks of structure.
Let’s see what price action is telling us today! 🔥
💡Here are some trade confluences📝
✅Weekly order block rejection
✅Daily order block rejection
✅15’ order block
✅Intraday bullish breaks of structure
🔑 Remember, to participate in trading comes always with a degree of risk, therefore as professional risk managers it remains vital that we stick to our risk management plan as well as our trading strategies.
📈The rest, we leave to the balance of probabilities.
💡Fail to plan. Plan to fail.
🏆It has always been that simple.
❤️Good luck with your trading journey, I shall see you at the very top.
🎯Trade consistent, FRGNT X
Bearish reversal off overlap resistance?The Swissie (USD/CHF) is rising towards the pivot and could reverse to the 1st support, which is a pullback support.
Pivot: 0.8317
1st Support: 0.8198
1st Resistance: 0.8391
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USD/CHF Bearish Rejection Setup – Short Opportunity1. Market Context & Structure
The USD/CHF currency pair is currently exhibiting a bearish market structure on the 1-hour chart. After a sharp decline from the 0.8360+ level, the price has attempted to recover but remains in a corrective phase. This recovery appears to be forming lower highs and is approaching a key resistance zone. The overall structure shows a series of sharp drops followed by weaker upward retracements, a classic sign of sellers still being in control. The current rise toward the 0.8300–0.8310 level is likely a corrective move, not a reversal, and could act as an ideal zone for a fresh bearish entry.
2. Key Technical Zones
Three key price zones define this setup. The first is the resistance zone between 0.8300 and 0.8310, marked with a red box. This area has previously acted as a strong supply zone where price faced heavy selling pressure, and it is likely to be respected again. The second important area is the intermediate support between 0.8210 and 0.8225, which could serve as a partial target for profit booking or re-entry on bounce. Finally, the major demand zone lies around 0.8160 to 0.8175, a level where price previously paused before resuming upward correction. These zones collectively provide logical stop loss and target levels for managing the trade with discipline.
3. Trading Plan (Sell Setup)
The trade idea here is to initiate a short position as the price enters the 0.8300–0.8310 resistance zone. This level aligns with the previous high and the edge of a well-defined supply area. A stop loss should be placed slightly above the resistance zone—around 0.8330—to avoid getting stopped out by minor spikes or false breakouts. For targets, the first take-profit can be at 0.8225, near the intermediate support zone. If bearish momentum continues, the next logical target is at 0.8175, which aligns with previous price rejections. This plan offers a clean setup with a favorable risk-to-reward ratio of at least 1:2 or higher, depending on the exact entry and target levels.
4. Confluences Supporting the Trade
Several technical factors strengthen the case for a short position at the identified level. First, the price is moving within a downtrend, confirmed by the lower highs and lower lows. The approach toward the resistance zone appears to be a corrective wave, not a breakout. Second, the chart shows a potential M-pattern formation, where the second peak aligns closely with the previous one, indicating a likely double-top scenario. Moreover, price previously reversed sharply from this resistance zone, and similar rejection candles could appear again. This confluence of trend, price action patterns, and zone-based analysis strongly supports the bearish outlook.
5. Expected Move
Based on the current structure, once price reaches the resistance at 0.8300–0.8310, a rejection is expected. This could lead to a pullback first to the 0.8225 support area. If this level is broken with momentum, a continued decline toward the 0.8175–0.8160 zone is highly probable. This move aligns with the overall bearish trend and would complete the projected wave structure shown in the chart. Traders should watch for signs of reversal (bearish engulfing, rejection wicks) at resistance to confirm entry.
6. Trade Management
Proper trade management is key to success with this setup. Once the position is live, it's recommended to book partial profits around the 0.8225 level to secure gains. The stop loss can then be moved to breakeven or entry price to make the trade risk-free. If price bounces from this level, re-entry opportunities can be evaluated with tighter stop-losses. If the move continues beyond 0.8225, the position should be held toward the 0.8175 target with trailing stop-loss adjustments. Also, traders should be cautious around high-impact USD or CHF news events, which can cause volatility and invalidate technical levels.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USD/CHF - 7 touch trendline break, a bullish opportunity
On the 30 minute chart we see a 7 touch trendline break to the upside. A trendline of 7 touches is very significant and thus a break should not be taken lightly, a serious move may be coming.
The break also occurred on high volume. Additionally, price is now above the SMA 200 and SMA 50, signaling bullish. The moving averages are also getting ready to cross, with the SMA 50 moving above the 200 which again signals bullish.
The indications are strong. A long trade may be a good move here. A trade has been placed with a stop loss placed below the most recent low and a take profit targeting a 1 to 1.5 risk to reward ratio.
USDCHF Expected to find there SupportUSD/CHF is currently losing momentum in the background as the U.S. dollar weakens. The pair is testing the support zone within its consolidation range. Although the overall structure is ranging, a local descending channel is forming, indicating a potential short-term bearish bias.
Short-Term Outlook:
The price is expected to find support within the channel, possibly leading to a short-term bounce or consolidation near key levels. A break below the current support could accelerate bearish momentum.
Key Support Levels:
1sT Support 0.82007
2nd Support 0.81500
you can find more details in the chart, Ps support with like and comments for more better analysis.
USDCHF- Buy on dips USDCHF formed triple bottom near 0.8180 and showed a minor pullback. It hits an intraday high of 0.82685 and is currently trading around 0.82666. Intraday bias appears to be bullish as long as the support 0.8180 holds.
Markets eye US Durable goods order data nd SNB chairman speech today for further direction.
Technical Analysis Points to Further Upside
The pair is trading above the 55-EMA, below 200 EMA and 365 EMA on the 1-hour chart indicates a mixed trend. The immediate resistance is at 0.8272 any break above targets 0.8300/0.8350/0.8375.
Support Levels and Potential Declines
On the downside, near-term support is around 0.82250, any violation below will drag the pair to 0.8180/0.8135/0.8090/0.8000.
Bullish Indicators
CCI (50) - Bullish
Directional movement Index - Bullish
Trading Strategy Recommendation
It is good to buy on dips around 0.8258-60 with a stop-loss at 0.82220 for a TP of 0.8378/0.8405.