USDCHF Technical Analysis: The USD/CHF pair is experiencing strong selling pressure, as the downward trend continues unabated since the beginning of the week, driven by the dollar’s decline amid weak recent US economic data. In this analysis, we will review price action, technical indicators, and the best trading opportunities for today, taking into account the use of keywords designed to display the analysis in search engines, such as “USDCHF Analysis Today” and “CHF/USD Forecast.”
USDCHF Technical Analysis: Market Overview | Real-Time USD/CHF Movements
- Current Trading Price: 70.8167
- Record Low: 0.8130
- General Trend: Bearish
The price has continued to form lower highs and lows, reflecting increasing selling pressure, especially as the price has failed to maintain any correction above the moving averages.
USDCHF Technical Analysis | Reading Indicators and Critical Levels
General Trend:
The trend is clearly bearish on the short-term timeframe, supported by a negative crossover of the moving averages, in addition to the downward slope of the averages in parallel, reinforcing the strength of the downtrend.
Momentum Indicators:
- MACD: Displaying increasing negative bars, confirming the dominance of the selling trend.
- Stochastic Oscillator: Heading out of the oversold zone, indicating a possible slight correction before the decline resumes.
Price Action Analysis:
The price has clearly broken the 0.8179 support area and is currently trading below it, indicating the possibility of targeting lower support levels in the coming hours.
Forecast for the USD/CHF Pair
The pair is currently heading towards new support levels as selling pressure continues. If a break of 0.81179 is confirmed and a strong candle closes below it, the pair may target 0.80533 as a short-term target.
If the breakout fails and the price returns above 0.82385, we may witness a limited correction towards the 0.82905 area, the highest possible ceiling for the upward movement in the near term.
Expected Scenarios:
- Negative Scenario (Strongest): Sell after breaking 0.81179, with targets at 0.80533 and then 0.80421.
- Positive Scenario (Corrective): Temporary buying above 0.82385 towards 0.82905.
Trading strategies based on Buy/Sell levels
| USDCHF | In case of buying | in case of selling |
| Entry point | 0.82385 | 0.81179 |
| Target Point 1 (TP1) | First resistance: 0.82905 | First support: 0.80533 |
| Target Point 2 (TP2) | Second resistance: 0.83100 | Second support: 0.80421 |
| Stop Loss (SL) | 0.81179 | 0.82385 |
The USDCHF pair is heading for further declines if it breaks intraday support, making it a top selling pair for today. With the downtrend continuing, supported by technical indicators, it’s advisable to closely monitor the 0.81600 level, which represents a pivotal point for trend traders.
