USDCHF Analysis Key Levels & Trade Setups You Can’t Miss!
USDCHF Analysis Key Levels & Trade Setups You Can’t Miss!
USDCHF Analysis Key Levels & Trade Setups You Can’t Miss!
USDCHF Analysis Key Levels & Trade Setups You Can’t Miss!
K Karthik Raja (Market Educator & Technical Analyst)
MCA | MBA | M.Com | MSc Psychology | PGJMC | CST | MDAT | CFA Pursuant
Dow Theory
- The chart shows a downtrend with lower highs and lower lows.
- Recent price action suggests sideways consolidation, possibly forming a base for reversal or continuation.
- The moving averages (MAs) are downward-sloping, indicating bearish momentum.
Upcoming Events
- U.S. economic data (NFP, CPI, FOMC decisions) could impact USD strength.
- Swiss National Bank (SNB) policy stance and global risk sentiment may influence CHF movements.
Trend Confirmation
- 50-MA (0.8815) and 150-MA (0.8826) are near the current price, acting as dynamic resistance.
- 200-MA (0.8819) is also nearby, reinforcing a strong resistance level.
- If price remains below these levels, the downtrend remains intact.
Volume Analysis
- Low volume indicates market indecision, suggesting a lack of strong momentum.
- A sudden volume increase near key levels could confirm a breakout or breakdown.
Final Takeaway
- Bearish bias as long as price stays below 0.8825.
- A breakout above 0.8830 may signal a bullish reversal.
- A breakdown below 0.8800 could resume the downtrend.
Breakout Strategy (Bullish)
Entry: Above 0.8830 (confirmation with volume).
Stop-Loss: Below 0.8800.
Target 1: 0.8860 | Target 2: 0.8900.
Breakdown Strategy (Bearish)
Entry: Below 0.8800 (confirmation with volume).
Stop-Loss: Above 0.8830.
Target 1: 0.8770 | Target 2: 0.8740.
Disclaimer
This analysis is for educational and informational purposes only. It does not constitute financial advice. Always consult a professional before making investment decisions.
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