{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdchf-resumes-uptrend-strives-to-match-last-years-high\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdchf-resumes-uptrend-strives-to-match-last-years-high\/","headline":"USDCHF Resumes Uptrend; Strives to Match Last Year\u2019s High","name":"USDCHF Resumes Uptrend; Strives to Match Last Year\u2019s High","description":"USDCHF Analysis – Price Resumes Uptrend and Guns for the 0.94780 Supply Line USDCHF resumes its uptrend movement and is now striving to reach its last year\u2019s high at the 0.94780 supply line. Last year, the market exhibited a consistent upward trend. But an inability of the market\u2019s high to surpass the 0.93770 supply level […]","datePublished":"2022-03-24","dateModified":"2022-03-24","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\/2022\/03\/USDCHF-1Day-4.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2022\/03\/USDCHF-1Day-4.png","height":747,"width":1802},"url":"https:\/\/forexschoolonline.com\/usdchf-resumes-uptrend-strives-to-match-last-years-high\/","about":["Article","Article-com","Case Study","charts","Featured Articles","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance","Survey","Trade Idea","Trade Setups","USD\/CHF"],"wordCount":324,"keywords":["Daily Chart","forex price action","FX Technical Analysis","Market Anticipation","USD\/CHF"],"articleBody":"USDCHF Analysis – Price Resumes Uptrend and Guns for the 0.94780 Supply LineUSDCHF resumes its uptrend movement and is now striving to reach its last year\u2019s high at the 0.94780 supply line. Last year, the market exhibited a consistent upward trend. But an inability of the market\u2019s high to surpass the 0.93770 supply level kept putting pressure on the market. The outcome is that USDCHF slipped below its trendline. After a bit of struggle, the price resumes its uptrend.USDCHF Major ZonesSupply Levels: 0.94780, 0.93770Demand Levels: 0.87730, 0.91570Coming in from last year, USDCHF started its uptrend movement by hitting a high of 0.94780 on the 1st of April 2021. Subsequently, as the market kept moving upward on its trendline, the price was making clear higher lows. However, the same cannot be said for the random highs. This was due to the downward market pressure at the 0.93770 supply level.This led to a slide below its trendline and the MA period 200 (Moving Average). The market endured a period of struggle, but the MA 200 was on hand to aid the market. Though the price has yet to stabilize on the trendline, the USDCHF resumes its uptrend above the MA 200. The MACD (Moving Average Convergence Divergence) shows that this is true with lines that rise above zero and bars that are bullish.Market ExpectationsThe market missed last year\u2019s high at 0.94780 by a whisker at the first trial. The price is now wobbling downwards. The MACD lines have plunged below zero to this effect. The price is expected to make a higher low to its previous low at 0.91570. The MA period 200 is on hand as support to ensure this. There\u2019s a good chance that USDCHF will make a new push for the 0.94780 supply level again from here. 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."}