{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-chf-resumes-downtrend-after-a-brief-uptrend-faces-selling-pressure-at-level-0-9500-resistance-zone\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-chf-resumes-downtrend-after-a-brief-uptrend-faces-selling-pressure-at-level-0-9500-resistance-zone\/","headline":"USD\/CHF Resumes Downtrend After A Brief Uptrend, Faces Selling Pressure At Level 0.9500 Resistance Zone","name":"USD\/CHF Resumes Downtrend After A Brief Uptrend, Faces Selling Pressure At Level 0.9500 Resistance Zone","description":"USD\/CHF Long-Term Analysis: BearishUSD\/CHF pair has been in a downward movement for several weeks. The currency pair made a brief uptrend in March and April. A Fibonacci tool was used to determine the extent of the uptrend. On March 8 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that […]","datePublished":"2021-04-27","dateModified":"2021-04-27","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"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:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","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\/04\/USDCHF-FOREX-SCHOOL.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/04\/USDCHF-FOREX-SCHOOL.png","height":603,"width":911},"url":"https:\/\/forexschoolonline.com\/usd-chf-resumes-downtrend-after-a-brief-uptrend-faces-selling-pressure-at-level-0-9500-resistance-zone\/","about":["Price Action Charts in Focus","Trade Idea","USD\/CHF"],"wordCount":252,"keywords":["Price Analysis","USD\/CHF"],"articleBody":"USD\/CHF Long-Term Analysis: BearishUSD\/CHF pair has been in a downward movement for several weeks. The currency pair made a brief uptrend in March and April. A Fibonacci tool was used to determine the extent of the uptrend. On March 8 uptrend, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that USD\/CHF will rise to level 1.272 Fibonacci extension and reverse. The pair will reverse to the 78.6% Fibonacci retracement level where it originated. From the price action, the uptrend has reversed close to the Fibonacci level. It reversed and tested the 78.6% Fibonacci retracement. However, the currency price has broken the Fibonacci level and the moving averages. This indicates a further downward movement of price.USD\/CHF Indicator Analysis USD\/CHF is at level 30 of the Relative Strength Index period 14. It indicates that the pair is approaching the oversold region of the market. The 21-day SMA and 50-day SMA are sloping upward indicating the uptrend.USD\/CHF – Daily ChartTechnical indicators: Key Resistance Levels: 0.9400, 0.9500, 0.9600Key Support Levels: 0.9100, 0.9000, 0.8900What Is the Next Direction for USD\/CHF?The currency pair has resumed a downward move after forming a bearish double top in the lower time frame. The currency price has also fallen below the moving averages. This suggests a further downward movement of price.USD\/CHF -4 Hour ChartNote: Forexschoolonline.com 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"}