• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

USDCHF Price Tendency Setup a Breakout Beyond 0.97300 Key Zone

Johnathon Fox
07/08/2022 | UPDATED ON: 07/08/2022

Market Analysis- USDCHF Price Tendency Setup a Breakout Beyond 0.97300 Key Zone

USDCHF price tendency setup a breakout beyond 0.97300 key zone. The bullish arm of the market is projected to respond above the 0.97300 key zone of price as the momentum increases. There has been a lot of speculation by the traders that the buyers are stimulated to push the value of the USDCHF price forward back to the 1.00600 key zone. Therefore, buy traders should be keen to enter the market following a breakthrough above the 0.97300 key level.

USDCHF Market Levels

Resistance Levels: 1.00600, 0.97300
Support Levels: 0.95300, 0.90900
USDCHF Price Tendency Setup a Breakout Beyond 0.97300 Key ZoneUSDCHF was conducted in several price aggregations from November 2021 to April 2022. This consolidation state gave a solid momentum break in the bullish zone as price first smashed through the 0.93500 key zone. There was further expansion in prices following this outbreak as several key levels were overthrown.

The bull traders, however, draw up buying moment up to 1.00600 key zone before the selling force emerged. Due to a strong resistance force, the buyers could not break through. A plunge was therefore experienced back to the 0.93500 key zone. The same process repeated itself on the USDCHF price, and the buyers are currently projected back to the 1.00600 key level on the daily chart. Price is rallying upward, breaking above the 0.000 key level, indicating a strong bullish impulse, according to the Momentum indicator. USDCHF Price Tendency Setup a Breakout Beyond 0.97300 Key Zone

Price Expectations

The buyers are currently reacting around the significant level of 0.97300 on the 4-hour chart, where they hope to break through. According to the Money Flow index, buyers continue to exert a significant amount of pricing influence. When enough momentum is seen, this could lead to a bullish expansion back to the important zone of 1.00600.

 

Note: 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.

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

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.

View all posts by Johnathon Fox →
Previous Post: « LBlock/USD Price Forecast: Lucky Block Prepares For More Upward Movement
Next Post: USDJPY: Possibility of More Downsides »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

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.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US