{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdchf-buyers-struggle-for-counterattack\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdchf-buyers-struggle-for-counterattack\/","headline":"USDCHF Buyers Struggle for Counterattack","name":"USDCHF Buyers Struggle for Counterattack","description":"USDCHF Analysis – Market Narrative May Remain Bearish USDCHF buyers struggle for a counterattack. The buyers in the USDCHF market are currently unable to demonstrate their strength, indicating a lack of resolve to change the market narrative. Although there were initial signs of a potential breakthrough this week, the buyers are now losing momentum. The […]","datePublished":"2023-12-08","dateModified":"2023-12-08","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\/2023\/12\/upe8dMKv.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/12\/upe8dMKv.png","height":589,"width":1195},"url":"https:\/\/forexschoolonline.com\/usdchf-buyers-struggle-for-counterattack\/","about":["charts","Forex","FX Technical Analysis","Price Action Charts in Focus","Price Action Trigger Signals","Support & Resistance","Technical Analysis","USD\/CHF","USD\/CHF","USDCHF"],"wordCount":339,"keywords":["Daily Chart","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart","usdchf"],"articleBody":"USDCHF Analysis – Market Narrative May Remain BearishUSDCHF buyers struggle for a counterattack. The buyers in the USDCHF market are currently unable to demonstrate their strength, indicating a lack of resolve to change the market narrative. Although there were initial signs of a potential breakthrough this week, the buyers are now losing momentum. The currency pair has been in a downward trend for a considerable period, with fluctuations between sellers and buyers over the past few months.USDCHF Key LevelsResistance Levels: 0.924800, 0.90660\u00a0Support Levels: 0.88200, 0.87140During the first and second quarters of the year, the bears maintained a strong grip on the USDCHF price. However, in July, the bearish pressure subsided, reaching the significant zone at 0.85520. There was a reversal in the market, pushing the price up to the key level of 0.92480. Towards the end of the quarter, the bears regained control, driving the price back to the 0.86780 level. The momentum that was building during the reversal has since diminished.\u00a0\u00a0From the perspective of the Price Oscillator, the bearish acceleration has declined into the negative region. The market structure at present remains a struggle for both buyers and sellers. The buyers are aiming for an upward movement above the 0.87820 market zone. However, the sellers plan to continue pushing the price lower, potentially breaking back to the 0.85520 market zone.Market ExpectationThe buyers in the USDCHF market are facing difficulties and are currently unable to exert their strength. The market narrative remains bearish, with the currency pair experiencing a prolonged downward trend. Although there have been fluctuations in the past, the buyers’ current counter-attack lacks strength. The Price Oscillator and overall market structure indicate ongoing struggles. Buyers are seeking a rise above the 0.87820 market zone; failure to do so will lead to a breakdown. The tug of war is therefore bound to continue for a while in the market.Note:\u00a0Forexschoolonline.com\u00a0is 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"}