🛠 Technical Analysis: On the 4-hour timeframe, USDCHF remains under heavy bearish pressure. The chart highlights a confirmed "Global bearish signal", where the short-term SMA has crossed below the long-term SMA (100 and 200), validating the downward trend. Currently, the price is consolidating within a bearish flag formation just above the immediate support level of 0.79445. This consolidation is typically a continuation pattern, suggesting that the market is gathering liquidity for another leg lower. The analysis projects a breakdown of this flag, targeting the major support zone at 0.78776.
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❗️Trade Parameters (SELL)
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➡️ Entry Point: Sell on the breakdown of the flag support (approx. 0.7940 – 0.79445)
🎯 Take Profit: 0.78776 (Support)
🔴 Stop Loss: Above the recent consolidation structure (approx. 0.79889 – 0.8000)
⚠️ Disclaimer: This is a potential trade idea based on current chart patterns; market conditions can change rapidly, especially with upcoming central bank news.
———————————————
❗️Trade Parameters (SELL)
———————————————
➡️ Entry Point: Sell on the breakdown of the flag support (approx. 0.7940 – 0.79445)
🎯 Take Profit: 0.78776 (Support)
🔴 Stop Loss: Above the recent consolidation structure (approx. 0.79889 – 0.8000)
⚠️ Disclaimer: This is a potential trade idea based on current chart patterns; market conditions can change rapidly, especially with upcoming central bank news.
Note
🌍 Fundamental Analysis: The US dollar continues to face challenges following the Fed's rate cut. Meanwhile, the Swiss franc (CHF) remains a resilient safe haven. This divergence confirms a technical bearish trend as capital flows out of the US dollar and into the safe haven of the CHF.Trade closed: target reached
⚠️ Public market view only. Not financial advice. DYOR and manage your own risk.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
⚠️ Public market view only. Not financial advice. DYOR and manage your own risk.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.