USDCHF Maintains Pace From Prior Session Despite 0.9240/50 Barrier

14 September 2021 | Updated: 14 September 2021

USDCHF Price Analysis – September 14

During the early Tuesday session, the USDCHF pair retreated lower but overall has continued to main the prior day’s advance beyond the 0.9200 psychological level. The risk-on scenario harmed the safe-haven CHF, although it stayed resilient despite the rising USD.

Key Levels
Resistance Levels: 0.9375, 0.9304, 0.9240
Support Levels: 0.9200, 0.9150, 0.9100
USDCHF Long term Trend: Ranging
This week, the US Dollar has extended its surge versus the Swiss Franc above the 0.9200 level. USDCHF, meanwhile, found reinforced resistance near the 0.9240 level, resulting in a new range trading. After a few days of drifting, the US dollar returns to action on Friday, registering steady gains against the strong Swiss franc.

A breach of the 0.9242 resistance level on the upside is the first hint of medium to long-term bottoming. As a result, except for some strong follow-through buying, maybe beyond the overnight swing high, around the 0.9240 levels. Having said that, if the price manages to move higher, it may test the July high of 0.9274 level.
USDCHF Short term Trend: Ranging
USDCHF is extending its consolidation pattern from the recent low of 0.9150, and the intraday bias remains neutral. A breach of the 0.9101 low level will resume a bigger slump on the downside. The USDCHF pair has risen to test the August high of 0.9142. The more critical 0.9275 July high sits above this, and the market may hold it on the initial test.

In addition, if the 0.9200 support level is sustained, the rebound would resume towards the next level of 0.9275 to 0.9300 levels. A negative break of the immediate support line at 0.9175, on the other hand, could take a breather near 0.9120 levels before attempting to challenge the month-start bottom around the 0.9100 round-figures.

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USDCHF Continues in a Range Remaining Near Mid 0.9100

7 September 2021 | Updated: 7 September 2021

USDCHF Price Analysis – September 7

On Tuesday, the USDCHF volatility eventually settles near mid 0.9100. The pair is ranging in its movement within a relatively narrow trade area after recording a high at 0.9168 on Monday. The Swiss Franc strengthens due to its safe-haven appeal, while recent US job data is scrutinized.

Key Levels
Resistance Levels: 0.9275, 0.9200, 0.9150
Support Levels: 0.9100, 0.9050, 0.9000
USDCHF Long term Trend: Ranging
For the time being, the USDCHF pair appears to have remained in a range despite minor losses, while any substantial move higher remains elusive. As a result, any following upward movement is more likely to be met by a new supply near the 0.9175-0.9200 level. As a result, any further gains for the USDCHF pair near the 0.9200 round-figure marks should be limited for the time being.

However, USDCHF may hold above 0.9200 and surge beyond 0.9242 in the short future, if the preceding count is correct. The immediate resistance level is 0.9200, and a breach of this level will send the price to the 0.9240-75 zone. Also, keep in mind that triangle breakouts are very sharp, and a 0.9275 level will be easily attained.
USDCHF Short term Trend: Ranging
After dipping below 0.9200, the USDCHF rebounded sharply in the short term. The pair’s intraday bias has remained in a range within mid 0.9100, this time down from the 0.9150 mid-level. A decisive break upside would signal a positive turnaround and lead to prolonged advances toward the 0.9200 resistance level, which would be tested.

The breakout of immediate support at 0.9120, on the other hand, might be the target of the 0.9100 low retests. Below is the 0.9080 first level of support. Next support is found at 0.9050, followed by 0.9018. Its 4-hour RSI is hanging and pointing higher, indicating that the USDCHF might continue to recover.

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USD/CHF Upside Continuation!

26 August 2021 | Updated: 26 August 2021

USD/CHF rallied in the last hours and now it stands at 0.9178 level below 0.9185 today’s high. It has increased as the Dollar Index has managed to rebound. Surprisingly or not, USD increases even if the US data has disappointed earlier.

The US Prelim GDP increased only by 6.6% below 6.7% expected. Also, the Unemployment Claims increased from 348K to 353K, even if the specialists expected a decline to 345K.

USD/CHF Technical Analysis!

USD/CHF escaped from a descending pitchfork and now it tries to make a new higher high. Closing above 0.9178 former high signals strong buyers in the short term. As you can see on the H4 chart, USD/CHF has failed to stabilize under the ascending pitchfork’s median line (ML). This is seen as a bullish signal as well.

It has moved sideways in the short term and now it has escaped from a triangle. Its failure to make a new lower low signaled that the downside is over. Still, in the short term, we cannot exclude a temporary decline after the current rally.

Conclusion!

The aggressive breakout through the median line (ML), upper median line (uml), and above the weekly pivot point (0.9158) signaled an upside continuation.

 

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USDCHF Slide Poised To Remain, Swissy Gains From Safe-Haven Status

24 August 2021 | Updated: 24 August 2021

USDCHF Price Analysis – August 24

During Tuesday’s European trading hours, the USDCHF maintain its decline and struck a low of 0.9117 after sliding from the prior day’s high of approximately 0.9178. Amid concerns about the coronavirus and a resurgence in the global economy, the Swiss franc gains on its safe-haven status. At the time of this post, USDCHF is trading at 0.9129.

Key Levels
Resistance Levels: 0.9240, 0.9200, 0.9150
Support Levels: 0.9080, 0.9050, 0.9000
USDCHF Long term Trend: Ranging
On the daily chart’s technical front, a clean break out of the 0.9117 low level could hasten the downturn. Take note of the 0.9018 low of August. If the price falls below 0.9117, the recent low of 0.9018 will be reached. The 0.9000 support zone is guarded by the latest low of 0.9018. To bring volume to the lows of the 0.9018/0.9000 zone, a fall at 0.9117 is required.

However, there are no obvious indicators of completion at this time. The next objective is the anticipated return from 0.9117 to 0.9150 when high-volume trading resumes. A big breakthrough of the 0.9170 resistance level, on the other hand, would be an early indication of a trend reversal and might bring attention to the 0.9200 upside zone.
USDCHF Short term Trend: Ranging
The intraday slope of the USDCHF remains in a range, implying a retest of the 0.9018 bottoms. A break of the minor barrier around 0.9150, on the other hand, would shift short-term expectations and neutralize intraday bias once more. Meanwhile, in order to resume consolidation and enter a new phase of expansion the intraday bias will be dragged back to 0.9200.

The downward slopes of the 5 and 13 moving averages, which are also in a bearish slide, provide additional support for recent near-term forecasts. The RSI is declining, and the short-term picture remains skewed towards August lows, with a breach below this level reinforcing bearish fears.

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USDCHF Steadily Rising on the Back of Risk-On Mood, Firmer Greenback

10 August 2021 | Updated: 10 August 2021

USDCHF Price Analysis – August 10

During the early European session, the USDCHF pair remained bid and was last seen hanging near two-week highs, around 0.9170 – 0.9220 levels. The pair’s upward trajectory is fueled by the greenback’s rise. With 0.08 percent gains, the USDCHF held over 0.9200 levels.

Key Levels
Resistance Levels: 0.9472, 0.9375, 0.9275
Support Levels: 0.9150, 0.9050, 0.8950
USDCHF Long term Trend: Ranging
USDCHF is currently testing the 0.9220 resistance zone after rallying past the 5 and 13 moving averages. A break over the 0.9220 level could lead to a test of the level of 0.9240. Even a closure near present levels could exacerbate a bullish trend shortly. If the price falls below 0.9200, the bullish pressure will ease, revealing the next support level at 0.9170.

During the current trading session, bullish traders could aim for the resistance level of 0.9275. While the momentum remains strong, a retreat to the 0.9150 lift-off zone is likely, but only in modest rallies. The recent breakout of the 0.9200 level confirms that buyers have reclaimed control, and the price could be headed for 0.9304 and beyond.
USDCHF Short term Trend: Bullish
The intraday bias in USDCHF remains bullish for a rise beyond the 0.9200 resistance turned support zone. The downside could be contained well above the 0.9170 support level, allowing the positive rebound to continue. With a bullish moving average of 5 and 13, the recent rally will aim for the 0.9240 levels.

As the rebound from 0.9050 continues, the attention is now on the 0.9275 resistance level. A firm break there will signal the start of the third cycle of the corrective pattern from 0.8998. The positive momentum of the short-term oscillators is improving at the present. The RSI is attempting to sustain a bullish trend toward 80.

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USDCHF Deepen Declines Beneath 0.9050, Maintains Downward Trend

3 August 2021 | Updated: 3 August 2021

USDCHF Price Analysis – August 3

Following last week’s decline, the USDCHF is deepening its downward bias on Tuesday. The currency pair is currently trading at 0.9030, down 0.28 percent on the day. The Swiss franc has maintained its safe-haven status despite market volatility. The Consumer Price Index (CPI) in Switzerland grew to 0.7 percent on an annual basis in July, up from 0.6 percent in June, according to figures released on Monday.

Key Levels
Resistance Levels: 0.9200, 0.9150.0.9100
Support Levels: 0.9000, 0.8950, 0.8900
USDCHF Long term Trend: Ranging
The USDCHF was hit by fresh selling at the start of the day at 0.9057, and it proceeded to fall due to broad-based USD weakening on risk sentiment. Markets may hint that the price will try a new low of 0.9000 before resuming its decline to 0.8950. A rebound from the downtrend channel’s upper border will be another indicator in favor of the downtrend’s continuation.

USDCHF resistance, on the other hand, is initially seen around 0.9050, then 0.9080 levels, with a break of which would expose the 0.9150 and 0.9200 levels, which are a measured higher objective and the MA 13 uptrend barrier at 0.9133. In the absence of a rebound, the trend may remain bearish.
USDCHF Short term Trend: Bearish
With the current trend, USDCHF’s intraday bias has shifted to bearish. Until minor 0.9080 resistance is attempted, a steady drop is desirable. A definitive break of the 0.9000 level, on the other hand, might accelerate a wider slump. A break above the minor barrier at 0.9080, on the other hand, might take the bias back up towards the 0.9150 resistance zone.

In the last week, the pair has made a bearish lower high and now looks set to challenge the June 11 low of 0.8926. The bearish move of moving averages 5 and 13 as well as reading below 30 on the Relative Strength Index supports the negative view.

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USDCHF Renews Intraday High With a Bid Bias Above Mid 0.9100

20 July 2021 | Updated: 20 July 2021

USDCHF Price Analysis – July 20

On Tuesday the USDCHF remains bid above the mid 0.9100 up 0.23 percent at 0.9195 intraday high. In the short term, the momentum indicators paint a positive picture for the pair. When measured by the US Dollar Index (DXY), the greenback continues to recover strengthening the overall structure of the pair.

Key Levels
Resiistance Levels: 0.9375, 0.9275, 0.9200
Support Levels: 0.9150, 0.9080, 0.9000
USDCHF Long term Trend: Ranging
The USDCHF is currently battling the upside hurdle at 0.9200, which has previously served as resistance. If the bulls claim that number, the road to the swing high of 0.9275 will open up. The surge is expected to pause the 0.9375 horizontal resistance zone as it climbs higher.

The ascending trendline establishes a base around the support region at 0.8933 on the downside, and the lower channel’s surface may attempt to balance any downside correction. However, as the USDCHF strengthens its position within the bullish comeback towards 0.9200, a negative correction in coming sessions is possible.
USDCHF Short term Trend: Ranging
The short-term risk in the USDCHF market appears to be seeking to retain its upside in the 4-hour time frame, but trend signs remain ambiguous for now, suggesting that any price strength could be fleeting. If the USDCHF bulls hold their ground above 0.9200, the 0.9275 level swing high should reappear on the charts.

Overall, the outlook for the pair remains constant, and the intraday bias is initially neutral. The trading range starting at 0.9185 is widening. In the event of a greater loss, the retracement of 0.9117 to 0.9221 levels at 0.9195 intraday high could contain the downside move and bring in a stronger rebound.

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USDCHF Falls Into Support Near 0.9170 As the DXY Weakens From Highs

8 July 2021 | Updated: 8 July 2021

USDCHF Price Analysis – July 8

In the early trading hours, the US dollar’s plunge halts the USDCHF advance around 0.9264. The pair trades with a downside price action plunging to as low as 0.9173. USDCHF is currently trading at 0.9178, down 0.85 percent on the day. Investors accepted the Fed’s dovish stance and lower US GDP data as DXY weakens from multi-month highs.

Key Levels
Resistance Levels: 0.9472, 0.9375, 0.9275
Support Levels: 0.9142, 0.9080, 0.9000
USDCHF Long term Trend: Ranging
The USDCHF pair retreated down on Thursday, as the market unwound the overbought condition, approaching the support at 0.9170, as seen on the daily chart. The pair has since moved into a relatively medium-term consolidation zone, but with daily RSI momentum still pointing lower, we expect bearish pressure to break the base again.

USDCHF resistance, on the other hand, is initially seen around 0.9240, then 0.9275 levels, with a break of which would expose the 0.9304 and 0.9375 levels, which are a measured higher objective and the uptrend barrier from April 2021 at 0.9472. In the absence of a rebound, the trend may remain bearish.
USDCHF Short term Trend: Ranging
With the current trend, USDCHF’s intraday bias has shifted to ranging. Until minor 0.9200 resistance is attempted, a steady drop is desirable. A definitive break of the 0.9142 level, on the other hand, might accelerate a wider slump. A break above the minor barrier at 0.9200, on the other hand, might take the bias back up towards the 0.9240 resistance zone.

On the downside, if the 0.9170 level is breached, the 61.8 percent estimate of 0.9275 to 0.9170 levels from 0.9472 at 0.9140 levels may be targeted. Marginal weakness is expected as long as the 0.9275 level persists, but the 0.9240 barrier is likely to stay. Only above the 0.9240 level is there a chance of gains toward the 0.9275 level.

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USD/CHF Amazing Sell-Off

8 July 2021 | Updated: 8 July 2021

USD/CHF plunged today as the DXY registered an aggressive sell-off. The pair has reached strong resistance, so DXY’s drop signaled a potential correction on this pair.

The US Dollar Index has shown some overbought signs in the short term. Its bearish divergence signaled that it could slip lower again. It seems that the USD bulls were disappointed after the FOMC Meeting Minutes, or yesterday’s report was already included in the price action.

USD/CHF H4 Chart Technical Analysis!

Our position in USD/CHF is still open after closing ⅔. The pair has found resistance at the R1 (0.9266) and right above the 61.8% retracement level. The aggressive breakdown through the weekly pivot point (0.9213) signaled strong sellers and a potential downside continuation in the short term.

Technically, the next downside target is seen around the weekly S1 (0.9152) and at the ascending pitchfork’s lower median line (lml).

Conclusion!

USD/CHF has signaled potential exhaustion after failing to come back to reach and retest the ascending pitchfork’s upper median line (uml). DXY’s drop forced the pair to drop as well, we have a strong positive correlation between these two (currency pair/index).

 

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Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.

USD/CHF Continuation Pattern To Be Confirmed!

25 June 2021 | Updated: 25 June 2021

USD/CHF drops right now as the DXY is trading in the red. Still, the decline could be only a temporary one. The price action has developed a potential upside continuation pattern. The rate has escaped from this pattern, but we still need confirmation before going long.

The USD could take the lead again if the US economic figures come in line with expectations. The Revised UoM Consumer Sentiment, Personal Income, and Personal Spending could boost the pair.

USD/CHF H4 Technical Analysis!

USD/CHF has slipped lower after failing to pass above the 50% retracement level. Failing to retest the broken downtrend could signal a new upside momentum.

Technically, it could move sideways in the short term before really developing a new swing higher. Potential strong growth could be activated by a bullish closure above the 50% retracement level.

Conclusion!

Staying above 0.9166 today’s low and making a new higher high, to close above 0.9200 could really validate an upside continuation!

 

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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9
  • 20% welcome bonus of upto $10,000
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$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8

Olimpiu Tuns

Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms.