The USDCHF pair has recently broken above its 1D MA50 (red trend-line) for the first time since March 2025, following a long-term sharp decline. The multi-year pattern is a Channel Down and the current price action is taking place right on its bottom.
At the same time, while the price is on Lower Lows, the 1W RSI has been rising on Higher Lows, showcasing a huge Bullish Divergence. The last time we saw this happening at the bottom of this Channel Down, was between August - December 2020. That was the pattern's previous Lower Low bottom formation and after the 1D MA100 break-out took place, the pair started its new Bullish Leg that exceeded the 0.618 Fibonacci retracement level, while smashing through its 1W MA200 (orange trend-line).
As a result, we have turned bullish long-term on USDCHF, targeting the 0.618 Fib at 0.86750, expecting a contact with its 1W MA200 there.
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At the same time, while the price is on Lower Lows, the 1W RSI has been rising on Higher Lows, showcasing a huge Bullish Divergence. The last time we saw this happening at the bottom of this Channel Down, was between August - December 2020. That was the pattern's previous Lower Low bottom formation and after the 1D MA100 break-out took place, the pair started its new Bullish Leg that exceeded the 0.618 Fibonacci retracement level, while smashing through its 1W MA200 (orange trend-line).
As a result, we have turned bullish long-term on USDCHF, targeting the 0.618 Fib at 0.86750, expecting a contact with its 1W MA200 there.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน
I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
คำจำกัดสิทธิ์ความรับผิดชอบ
ข้อมูลและบทความไม่ได้มีวัตถุประสงค์เพื่อก่อให้เกิดกิจกรรมทางการเงิน, การลงทุน, การซื้อขาย, ข้อเสนอแนะ หรือคำแนะนำประเภทอื่น ๆ ที่ให้หรือรับรองโดย TradingView อ่านเพิ่มเติมใน ข้อกำหนดการใช้งาน