{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-chf-needs-a-bullish-spark\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-chf-needs-a-bullish-spark\/","headline":"USD\/CHF Needs A Bullish Spark!","name":"USD\/CHF Needs A Bullish Spark!","description":"USD\/CHF dropped a little after reaching a resistance zone, but the outlook is still bullish. The pair slipped lower only because the Dollar Index has retreated after reaching a static resistance. Technically, the DXY has found support and now it tries to grow. We have a strong positive correlation between the Dollar Index and USD\/CHF. […]","datePublished":"2021-09-14","dateModified":"2021-09-14","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/#Person","name":"Olimpiu Tuns","url":"https:\/\/forexschoolonline.com\/author\/olimpiu-tuns\/","identifier":19876,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2021\/04\/20200303_154346-1.png","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/09\/USDCHF_2021-09-14_12-56-04.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/09\/USDCHF_2021-09-14_12-56-04.png","height":868,"width":1834},"url":"https:\/\/forexschoolonline.com\/usd-chf-needs-a-bullish-spark\/","about":["FX Technical Analysis","Trade Idea","Trade Setups","USD\/CHF"],"wordCount":183,"keywords":["Forex","Technical Analysis","usdchf"],"articleBody":"USD\/CHF dropped a little after reaching a resistance zone, but the outlook is still bullish. The pair slipped lower only because the Dollar Index has retreated after reaching a static resistance. Technically, the DXY has found support and now it tries to grow.We have a strong positive correlation between the Dollar Index and USD\/CHF. DXY\u2019s potential rally after the US inflation data should help the pair to increase. The CPI is expected to rise by 0.4% while the Core CPI may register a 0.3% growth.USD\/CHF Technical Analysis!USD\/CHF retested the 0.9206 former high (resistance has turned into support) and now it could come back to challenge the ascending pitchfork\u2019s upper median line (UML) and the weekly R1 (0.9229).Making a valid breakout through the 0.9242 could really announce an upside continuation. The upside scenario could be invalidated by a major bearish pattern here around the immediate resistance levels. Note: ForexSchoolOnline is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results."}