{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/usdchf-sellers-keep-the-reins-below\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/usdchf-sellers-keep-the-reins-below\/","headline":"USDCHF Sellers Keep the Reins Below","name":"USDCHF Sellers Keep the Reins Below","description":"USDCHF Analysis – Sell Traders Are Still Ready for More Drawdown USDCHF sellers keep the reins below the moving average crossing indicator. As we observe the USDCHF market, it is evident that the sellers have kept a strong hold on the market. This has been the case for quite some time, and we have seen […]","datePublished":"2023-04-28","dateModified":"2023-04-28","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\/04\/image_2023-04-28_073234712.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/04\/image_2023-04-28_073234712.png","height":565,"width":1194},"url":"https:\/\/forexschoolonline.com\/usdchf-sellers-keep-the-reins-below\/","about":["charts","FX Technical Analysis","Price Action Charts in Focus","Support & Resistance"],"wordCount":391,"keywords":["Forex","forex price action","FX Technical Analysis","Market Anticipation","Market Expectation","Price Action","Price Analysis","Price Chart","Technical Analysis","USD\/CHF","usdchf"],"articleBody":"USDCHF Analysis – Sell Traders Are Still Ready for More DrawdownUSDCHF sellers keep the reins below the moving average crossing indicator. As we observe the USDCHF market, it is evident that the sellers have kept a strong hold on the market. This has been the case for quite some time, and we have seen the trend gradually intensify. It started with a brief bullish push to the 0.94340 key level in February; however, the buyers faced heavy resistance and were quickly rejected.USDCHF Key LevelsResistances Levels: 1.01420, 0.98440Support Levels: 0.93320, 0.88720\u00a0Consequently, this paved the way for the sellers to take over, and they have been steadily increasing their pressure on the market. The sell trend has now gone all the way down to the 0.88720 key zone, and the buyers have been trying to fight back and break through the sellers\u2019 hold. While they have been making some progress, the sellers remain in the driver\u2019s seat, and the market continues to be below the Moving Average Crossing Indicator. What we can take away from this is that the sellers have been able to establish powerful control over the market; however, the buyers are not ready to give up just yet.As such, the battle between the two is likely to continue, and we can expect to see some interesting developments soon. The market could very well turn around if the buyers manage to break through the sellers\u2019 resistance; however, for now, the sellers seem to be in the lead. The USDCHF price has been facing strong resistance above the moving average indicator. This has been making it difficult for buyers to push the price further up, while sellers have been able to take advantage of the situation. As a result, buyers are looking to bounce off the resistance zone before sellers resume their trend.Market Expectation\u00a0On the 4-hour chart time frame, the Stochastic indicator is over the buying strength fence. This suggests that buyers have been losing steam and sellers are increasingly gaining strength. As a result, the USDCHF price is likely to experience more bearish pressure, with the 0.88720 key zone likely to be a major target of the sellers.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."}