• 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 Sellers Make a Breakthrough Below 0.95950. What Next?

Johnathon Fox
07/01/2022 | UPDATED ON: 07/01/2022

USDCHF Analysis – Sellers Make a Breakthrough Below 0.95950

USDCHF sellers finally gain traction and break through the 0.95950 significant level. This is the second time in a month that the sellers have forcefully crashed the market to the consolidation support level. A downward surge from the 1.00000 resistance level helps to violate the 0.95950 level as a support. It remains to be seen if the sellers will now have a free fall or if the buyers will react.


USDCHF Significant Zones

Resistance Levels: 0.97100, 1.00000
Support Levels: 0.95950, 0.93770
USDCHF Sellers Make a Breakthrough Below 0.95950. What Next?Earlier in the year, at the end of the first quarter, the bulls violate the 0.93770 after a long period of consolidation. This breakout led to a more than 7% price rise, reaching the 1.00000 strong resistance level. Predictably, the buyers tire out and couldn’t cause any disruption to the resistance. This allows the bears to take advantage of the situation to crash the market to 0.95950.

The critical level at 0.95950 remains firm as a support level and therefore repels the downfall in the market. This enables the buyers to drive strongly again at the 1.00000 resistance. However, the buyers came out second best, allowing the sellers to take advantage of the situation with more volatility. They succeeded in defying 0.95950 as a support level. In the process, the price trades to the downside of the MA period 24 (Moving Average).

USDCHF Sellers Make a Breakthrough Below 0.95950. What Next?Market Expectations

The daily chart’s ATR (Average True Range) indicator shows the upward strides in the market came with increasing volatility. Still, the sellers have for an ally the 1.00000 resistance level. The 4-hour chart shows that the bearish stroke that broke 0.95950 as a support level has a significant volatility drop. The bearish bias is expected to drive the market downward towards 0.93770 as support.

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: « Defi Coin (DEFC) Price Remains Strongly Bullish
Next Post: Lucky Block Price Forecast: LBlock/USD Buyers Gains Control »

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