USDCHF Rebounds and Recovers, Returning to Its Uptrend Movement

Updated:

USDCHF Price Analysis – December 11

USDCHF rebounds from a strong monthly demand level to recover back to its uptrend movement. The market has been strongly affected by bearish influence since late November last year. There was first a strong dip from 0.93770 that plunged the price to 0.91570. The USDCHF recovers from the demand level, but the further market rise is complicated by bears pushing the price back and forth. Eventually, the market dropped to an even lower demand level.


USDCHF Significant Levels

Supply Levels: 0.92740, 0.93350, 0.93770
Demand Levels: 0.90360, 0.91070, 0.91570

USDCHF Rebounds and Recovers, Returning to Its Uptrend MovementUSDCHF Long Term Trend: Bullish

Bearish interception can be found throughout the escapade of the USDCHF market, but despite that, the price has maintained a gentle uptrend. The highest supply level that the market has reached is the 0.93770 price level. However, with increasing price levels, USDCHF is expected to eventually breach this resistance level. Towards the end of the year 2021, bears have cracked down harder on the market such that the price has slipped off its uptrend line.

Just like several instances in the USDCHF market, after dropping off below its uptrend line, the price rebounds off the 0.91070 using a bullish engulfment candlestick pattern to climb to the next price level. From there, there have been further upside movements to reach below 0.92740. The Stochastic Oscillator has climbed into overbought territory and this is a sign of a pullback as the market itself currently shows a bearish candlestick.

USDCHF Rebounds and Recovers, Returning to Its Uptrend MovementUSDCHF Short-Term Trend: Bullish

On the 4-hour chart, USDCHF has been rejected at 0.92740 and is currently retracing. The Stochastic Oscillator lines are now dipping from an overbought level. The bullish power of the market should help the price rebound and break the supply line. The MA period 14 is below the 4-hour candlesticks to spring it back upwards. 0.93360 is the target when the price breaks the current resistance.

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USDCHF Bulls Pose a Bullish Engulfment Candlestick Reversal Pattern

Updated:

USDCHF Price Analysis – January 4

USDCHF bulls pose a bullish engulfment candlestick reversal pattern as they prepare to shake off downward pressure. The market has been trying to hold above the 0.91570 price level since it crashed to that level on November 30th, 2021. The struggle was long-drawn and USDCHF eventually succumbed to pressure and dropped to the next level at 0.91070. However, over the past two days, the bulls now pose a bullish engulfment pattern to recover above 0.91570.


USDCHF Significant Levels

Resistance Levels: 0.92740, 0.93770
Support Levels: 0.91570, 0.91070

USDCHF bulls poseUSDCHF Long Term Trend: Bullish

The market’s movement over the past 7 months has been topsy-turvy. This is due to the alternating influence of the bulls and bears on the market, which tends to cause a sharp change in the market’s direction. Notable instances of these are found on the 8th of July, 6th of August, 10th, and 26th of November, all during last year. In most of these instances, the bullish or bearish engulfment candlestick pattern was employed.

Having dropped down to 0.91070, USDCHF is now employing a familiar trick to lift the market. Bulls pose a bullish engulfment candlestick pattern in which yesterday’s candlestick bounced up from the lower border of the Bollinger Band, which has now lifted the price back above 0.91570. The Stochastic Oscillator shows that there is more upward movement to come as its lines have crossed upward from the bearish position.

USDCHF bulls pose USDCHF Short Term Trend: Bullish

The 4-hour candlesticks have bounced off the lower band of the Bollinger Band indicator and have climbed above its middle line to reach the upper band. The market is now stalling below the upper band as it seeks a way to push further upward. The Stochastic Oscillator shows the price at the overbought border and we could see a pullback before USDCHF pushes further towards 0.92190.

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USD/CHF Maintains Modesty In-Day Profits, Upward Movement Can Happen at 0.9200

Updated:

USD/CHF falls a few pips from the daily high and is selling with moderate in-day profits, at 0.9185 area moving towards Northern American period.

Showing some rebounding under 200 days SMA, USD/CHF pulled some purchases on Wednesday and moved from the monthly low, close to 0.9160 – 0.9155 area visited in a day before.
Contributing Factors
A good rise in requests for the U.S. dollar gave some more boost to the market. Federal Government monitoring view suggests three rate increase in the New Year, serving as a propeller for the currency, that is getting more strength from in-day growth of the American Treasury bond proceeds. Regardless of these upholding agents, upward trends battle to convert this change and encounter decline at the 0.9200.

Therefore, it will be wise to wait for a thorough purchase above the said handle before affirming that USD/CHF has developed a powerful foothold around 0.9160-0.9155 area. This will bring about more profit and propel the spot value close to the 0.9250 zones. Partakers of the market now expect the U.S. economic agenda, during which disclosure of November Goods, Trade Balance, Wholesale Inventories, and Pending Home Sales will be made.

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USDCHF Lands on a Bullish Confluence Zone

Updated:

USDCHF Price Analysis – December 28

USDCHF lands at a bullish confluence point. After the price experiences rejection at 0.93770, it slumps directly to 0.91570, violating many significant levels in the process. Afterward, the market rose a little and started fluctuating around the 0.92190 price level. This continued for two weeks before the bears began overpowering the market. The result is that USDCHF then lands on a bullish confluence zone.


USDCHF Significant Levels

Resistance Levels: 0.93350, 0.92190
Support Levels: 0.91070, 0.91570

USDCHF Lands on a Bullish Confluence ZoneUSDCHF Long Term Trend: Bullish

USDCHF is seen on a general plane gyrating up a trendline. This started at the beginning of the year as the market tries to recover from a serious dip that plunged the market to the 0.87730 support level. Since then, USDCHF has been making consecutive higher lows. The same cannot be said for the market’s highs, which vary greatly as a result of being beaten down several times by bearish forces.

In general, USDCHF remains in an uptrend and this is set to continue as the market lands on a bullish confluence zone, which comprises the uptrend line and the 0.91570 support level. The MA period 50 (Moving Average) is gradually rising, showing the bullish nature of the market. The Stochastic Oscillator has produced a golden cross from an oversold position to show an impending rise in the market.

USDCHF Lands on a Bullish Confluence ZoneUSDCHF Short Term Trend: Bullish

On the 4-hour chart, as price lands on the bullish convergence zone, it produces a three-white-soldier candlestick formation, which is a reversal pattern. The Stochastic Oscillator, just like on the daily chart, has produced a golden cross upward from an oversold region. This shows a strong impending bullish move. However, the market has to first shake off the resistance from the MA period 50 and the 0.92190 price level.

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USD/CHF Consolidates Above Level 0.9190, May Resume Uptrend

Updated:

USD/CHF Significant Levels
Resistance Levels: 0.9300, 0.9400, and 0.9500
Support Levels: 0.9200, 0.9100 and 0.9000

USD/CHF Price Long-term Trend: Ranging
USD/CHF is in a sideways trend but may resume uptrend. The currency pair has been fluctuating below level 0.9300 since July. The currency price has retested the resistance zone on December 21 and 22 but was repelled. The pair has fallen and declined below the moving averages. USD/CHF will resume upward if price falls and finds support above the moving averages. Today, the pair is falling to the support above the 50-day line moving average. The market will resume upward if the 50-day line moving average holds. The selling pressure will continue if the current support is breached.

USD/CHF Consolidates Above Level 0.9190, May Resume Uptrend
USD/CHF – Weekly Chart

Weekly Chart Indicators:
The pair has fallen to level 50 of the Relative Strength Index for period 14. It indicates that there is a balance between supply and demand. USD/CHF price will rally on the upside if the currency price breaks above the horizontal line. and the bullish momentum is sustained above it. The 50-day line and the 21-day line moving averages are sloping horizontally indicating the downtrend.

USD/CHF Medium-term Trend: Bullish
On the 1- hour chart, the currency pair is in an upward move. It fell to the low of level 0.9188 and rebounded. The pair breaks above the 21-day line moving average but was repelled at the 50-day line moving average. The uptrend will resume if price breaks above the moving averages. Meanwhile, on December 23 uptrend, a retraced candle body tested the 23.6% Fibonacci retracement level. The retracement indicates that the currency pair will rise to level 4.236 Fibonacci extension or 0.9317.

USD/CHF Consolidates Above Level 0.9190, May Resume Uptrend
USD/CHF – 1 Hour Chart

4-hour Chart Indicators Reading
The pair is below the 20% range of the daily stochastic. The market has fallen to an oversold region. The selling pressure has reached bearish exhaustion. Buyers will emerge to push prices upward. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.

General Outlook for USD/CHF
USD/CHF pair is in a sideways trend but may resume uptrend. The pair has fallen to the downside and has reached bearish exhaustion. The pair has rebounded above level 0.9190. USD/CHF reached the high of level 0.9219 and pulled back.


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USDCHF Bulls Pause at the 0.9275 Recent High as Swissy Weakens

Updated:

USDCHF Price Analysis – December 7

The USDCHF pair maintains intraday lows at 0.9231 despite pausing the 0.9275 intraday high. Except for the USD, which gains versus the CHF, a risk-on market environment hurts safe-haven currencies. Overall, the pair may witness a short-term pullback as sellers challenge the buyers in the near term.

Key Levels
Resistance Levels: 0.9472, 0.9375, 0.9275
Support Levels: 0.9200, 0.9150, 0.9100
USDCHF Long term Trend: Ranging
In the long run, the pullback from 0.9275 was most likely just a corrective move, as evidenced by the rebound of 0.9088 to 0.9373 at 0.9231. That is to say, the larger downturn from 0.9472 could still be going on. The pair is now trading below the 13-day ranging moving average, indicating a medium-term consolidating trend.

Bullish traders could target the 0.9300 barrier level during the next trading session. While the momentum is still strong, a pullback to the 0.9177 lift-off zone is possible, but only in little rallies. The latest breakout to the 0.9250 level suggests that buyers have regained control of the market, and the price could be going into 0.9300 and beyond.
USDCHF Short term Trend: Ranging
The USDCHF is consolidating well above the temporary low of 0.9150, with a neutral intraday trend. The price may move inside the range as long as the 0.9275 resistance holds. A breach of 0.9200 on the negative will resume the slide from 0.9375, leading to a retest of the 0.9157 low.

A breach of 0.9275, on the other hand, would indicate a short-term bottom. In anticipation of a stronger rally, the intraday bias will be adjusted back to the upward. The 0.9275 resistance level may be approached next if the 0.9200 level is consistently surpassed. However, before making a significant advance, the quote’s future gains will be restricted by local roadblocks.

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USDCHF Reverses a Two-Day Advance and Retreats From Mid 0.9300

Updated:

USDCHF Price Analysis – November 23

The USDCHF pair consolidates recent gains above 0.9300, after two days of gains that pushed it over the prior month’s high. The pair rose towards mid-0.9300 thanks to a weaker Swiss franc and a stronger US dollar but then fell to the 0.9301 intraday low zone, erasing the day’s gains.

Key Levels
Resistance Levels: 0.9575, 0.9472, 0.9375
Support Levels: 0.9300, 0.9275, 0.9225
USDCHF Long term Trend: Ranging
The USDCHF pair used the intraday uptick to trade higher, reaching intraday highs of 0.9344. Meanwhile, a decrease from here will be considered as another phase of the trend from the 0.9472 (high) level of March 2021 in the bigger perspective.

On the other side, if the USDCHF breaks above 0.9350, the current bullish trend may continue, with an eye on the higher horizontal resistance level at 0.9472. In the meantime, any attempt to return to the moving average 13 breakpoints at 0.9300 could be viewed as a selling opportunity.
USDCHF Short term Trend: Bullish
Despite a retreat, the USDCHF’s break of 0.9300 resistance above October highs of 0.9337 implies that the upsurge may continue. The intraday bias is still bullish. The break could open the way to a short-term predicted level of 0.9400.

To imply short-term bottoming, a breach of 0.9350 near-term resistance is necessary on the upside. Despite the expected recovery, the near-term trend remains gloomy. Due to the lack of major levels of support in the interim, more deterioration down beneath the 0.9300 level is possible.

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USDCHF Extends Decline Under 0.9150, US 10-Year Treasury Yields Fell

Updated:

USDCHF Price Analysis – November 9

USDCHF extends its negative momentum during today’s session, dropping below its 5 and moving averages (MAs). After a brief period of price appreciation, the pair has lowered expectations for a sustained upside advance. On Tuesday, the US 10-year Treasury yield fell to new multi-week lows, part of a broader optimistic move throughout the US yield curve.

Key Levels
Resistance Levels: 0.9250, 0.9200, 0.9150
Support Levels: 0.9100, 0.9050, 0.9000
USDCHF Long term Trend: Ranging
Despite the USDCHF rise from the 0.9088 low to 0.9175 levels in Nov. 5 high, the subsequent erratic decline below 0.9150 during the near term to 0.9100 is due to general dollar weakness. The downturn has resumed, and new lows below 0.9100 are possible. The USDCHF pair may go beneath the 0.9100 into the next session.

The drop from 0.9368 is considered the third phase of the 0.9472 cycles, with no apparent indicators of completion yet. A robust breach of the 0.9150 resistance level, on the other hand, would be an early warning of a trend reversal, drawing attention to the critical 0.9200 resistance level for a test.
USDCHF Short term Trend: Bearish
The short-term momentum indicators, such as the RSI, which is hovering below 50, and the moving averages 5 and 13, which are floating above the price, support the negative outlook and recent price decline. As a result, any subsequent rise above the moving averages and the 0.9150 level will almost certainly be viewed as a buying opportunity.

The USDCHF bears may target the 0.9080 level if the market breaks below its 0.9101 support. A further decline from this level could exacerbate selling pressure, causing the price to test the 0.9050 level. Breaking over this barrier might also lead to the 0.9000 level, bolstering the pair’s negative momentum.

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USDCHF Retreats From 0.9226 As Bulls Look for Confirmation Beyond Key Zones

Updated:

USDCHF Price Analysis – October 26

During Tuesday’s trading hours, the USDCHF consolidates gains. After achieving impressive gains of more than 40 pips in the US session, the pair retreats from the intraday highs around the 0.9226 level. The USDCHF currency pair is currently trading below 0.9200 as buyers look for confirmation beyond the key zone of the daily chart.

Key Levels
Resistance Levels: 0.9472, 0.9375, 0.9250
Support Levels: 0.9150, 0.9050, 0.8950
USDCHF Long term Trend: Ranging
In the prior day, the USDCHF found support at 0.9150 on the daily chart, and if the pair attempts to break below that level, it might lead to a test of lower levels. The pair is still consolidating in a limited trading range between 0.9150 and 0.9250, where it has been for the past week.

A sustained breakthrough of the 0.9200 resistance zone, on the other hand, would signal a return higher and point to the important 0.9250 resistance level for a re-test. A strong breach of the 0.9175 support level, however, would be an early indication of trend reversal and a shift of attention back to the 0.9150 support level for validation.
USDCHF Short term Trend: Ranging
With resistance at 0.9250, the USDCHF is still anticipated to fall further. The latest rise from 0.9150 is considered another rebound phase of the trend. The intraday trend is in a range with resistance at 0.9215. Otherwise, its trend may stay bullish in the event of a stronger rebound.

At 0.9226 intraday high, the breach might approach the recovery from 0.9250 to 0.9332. A breach of the minor support level of 0.9175, on the other hand, would result in a negative leaning towards the support level of 0.9150. The USDCHF pair appears to be sensitive to further declines and a desire to return under the 0.9200 level at the present.

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USDCHF Falls Below Critical Support, Dollar’s Slide Accelerates

Updated:

USDCHF Price Analysis – October 19

On Tuesday, the US dollar fell slightly against the Swiss franc. The pair fell lower to settle below 0.9200 after touching the high at 0.9242 in the US session. The USDCHF currency pair is currently trading at 0.9225, down 0.15 percent on the day. As traders’ decisions are influenced by Fed tapering and increased inflationary concerns, higher US Treasury yields underpin the appetite for the US dollar.

Key Levels
Resistance Levels: 0.9472, 0.9375, 0.9275
Support Levels: 0.9175, 0.9100, 0.9018
USDCHF Long term Trend: Ranging
Daily, the USDCHF has prolonged its weakness below moving averages 5 and 13, indicating that sellers are likely to hold the reins tight and target a retracement level of 0.9230 during the current falls.

The 0.9175 region is the immediate support, and a break below that level would expose the 0.9150 level, which is a multi-month support zone low. On the upside, the immediate resistance is currently at 0.9250, followed by 0.9275 and 0.9300.
USDCHF Short term Trend: Ranging
USDCHF is range-bound at 0.9175/9275, with an intraday tendency to the negative. An additional drop is still possible with a resistance level of 0.9250 intact. The breach of the 0.9175 level, on the other hand, might trigger a further downward fall.

Even so, given the bullish convergence situation in the 4 hour RSI, a breach of the 0.9175 level might confirm short-term bottoming and shift the bias back to the upward, allowing for a rebound to the horizontal resistance line (now at 0.9250 level).

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