{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usd-chf-upside-reversal-signaled\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usd-chf-upside-reversal-signaled\/","headline":"USD\/CHF Upside Reversal Signaled!","name":"USD\/CHF Upside Reversal Signaled!","description":"USD\/CHF seems determined to rebound after registering a strong correction. The pair has decreased as the USDX has plunged in the last weeks. Now, the price action has signaled that the downside movement is over and that the buyers could take the lead in the short term. That\u2019s why we decided to place a Buy […]","datePublished":"2021-05-03","dateModified":"2021-05-03","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\/05\/usdchf.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2021\/05\/usdchf.png","height":898,"width":1828},"url":"https:\/\/forexschoolonline.com\/usd-chf-upside-reversal-signaled\/","about":["FX Technical Analysis","Trade Idea","USD\/CHF"],"wordCount":176,"keywords":["Technical Analysis","USD\/CHF"],"articleBody":"USD\/CHF seems determined to rebound after registering a strong correction. The pair has decreased as the USDX has plunged in the last weeks.Now, the price action has signaled that the downside movement is over and that the buyers could take the lead in the short term. That\u2019s why we decided to place a Buy Stop pending order on this pair, trying to catch the new upside momentum.Technical Analysis!USD\/CHF is back above the downtrend line signaling a reversal. It has found support at the S1 and now is trading above the weekly pivot (0.9130). Its failure to stabilize under the 50% retracement level could send the rate towards the 38.2% level.Closing and stabilizing above 0.9141 high could activate a bullish momentum. USDX\u2019s further decline in the short term could push USD\/CHF higher towards the descending pitchfork\u2019s median line (ml). 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."}