• 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 Trends Lower as Buyers Struggle to Overcome Bearish Pressure

Johnathon Fox
06/22/2024 | UPDATED ON: 06/22/2024

USDCHF Bulls Challenged by Persistent Bearish Momentum

USDCHF trends lower as buyers struggle to overcome bearish pressure. The currency pair has been the focus of buyers’ attention this week as they attempt to regain their footing in the market. After reversing around the 0.88190 level, the buyers have been trading with more confidence.

USDCHF Key Levels:
Resistance Levels: 0.91660, 0.89950
Support Levels: 0.88190, 0.87260
USDCHF Trends Lower as Buyers Struggle to Overcome Bearish Pressure
However, the bears had previously initiated a plunge before the start of this month from the 0.91660 significant level. They managed to push the pair lower through the 0.89950 price zone. The bulls were able to recover some strength, extending the price action to a lower high back towards the 0.89950 key level. But following this retest, the bearish trend has continued to unfold.

The sellers are now striking very close to the 0.88190 key level this week. Despite the buyers’ efforts to pull the market back up, the broader trend remains bearish. The Money Flow Index (MFI) is rising, indicating that buyers are continuing to find their way upward. However, the Moving Average crossing still suggests a bearish atmosphere, as a golden cross has not yet been confirmed.

Market Expectation
On the 4-hour chart, the buyers have traded around the 0.89000 key level, but the sell-side traders are already planning to re-enter the scene following the recent pullback. A cross from the Moving Average could still give the buyers more of an edge in the market.
USDCHF Trends Lower as Buyers Struggle to Overcome Bearish Pressure
The overall technical picture suggests that the USDCHF pair is struggling to overcome the persistent bearish pressure. The buyers have made attempts to regain control, but the bears have managed to maintain their dominance, pushing the pair towards another lower high. Traders will need to closely monitor the 0.88190 support level, as a successful defense could provide the buyers with an opportunity to push the price higher. The inclusion of reliable forex signals can further assist traders in navigating these market movements effectively.

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: « Tamadoge (TAMA/USD) Price Trades in Ranges, Poses Spikes
Next Post: Notcoin (NOTUSD) Price to Retest the $0.029 High Level »

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