USDCHF Technical Analysis: The Dollar Franc pair is showing a bearish trend today, recording a high of 0.90596 and a low of 0.90362, with the pair currently trading at 0.90372. This movement indicates that the market is currently in a bearish trend, with negative pressure on prices continuing.
USDCHF Technical Analysis: Technical Analysis
Through technical analysis, we notice that prices are trading below the moving averages, indicating the continuation of the bearish trend. Trading below these averages reflects weak bullish momentum and supports the negative idea about the market movement in the short to medium term.
MACD Indicator: The MACD indicator is showing a negative crossover and is settling in the negative zone, reinforcing the bearish outlook for the market. This reflects weak bullish momentum and supports expectations of additional price declines if current conditions persist.
Forecast:
The Dollar Franc pair is expected to continue moving downward, especially if it continues to trade below the moving averages. As prices fall to new support levels, we may see further declines towards lower support levels. In case of any reversal above these averages, the trend may change in the short term.
Trading strategies based on Buy/Sell levels
| USDCHF | In case of buying | in case of selling |
| Entry point | 0.90649 | 0.90224 |
| Target Point 1 (TP1) | First resistance: 0.90798 | First support: 0.90011 |
| Target Point 2 (TP2) | Second resistance: 0.90921 | Second support: 0.90001 |
| Stop Loss (SL) | 0.90224 | 0.90649 |
The overall trend of the USD/CHF pair is pointing to a downward movement, supported by negative signals from the moving averages and the MACD indicator. Traders are advised to monitor support and resistance levels closely, as any break of the resistance level may lead to a turn in the upward direction.
