USDCHF - LONGS DOLLAR BULLS BACK
Off the back of last week Friday we have seen dollar strength kickback into the markets.
The weekly candle closed with a wick sweeping liquidity at a major monthly support zone (0.77139) which held and buyers have come back into the market.
TP1: 0.78590
TP2: 0.79097
TP379550
USDCHF 05/02/2026
Weekly:
-Previous week's high liquidity sweep.
-FVG.
Daily:
-Bearish W pattern.
-IC acting as a magnet for price.
4H:
-Bearish W pattern.
-H&S pattern.
USDCHF previous support - new resistance
The USDCHF currency pair continues to display a bearish outlook, in line with the prevailing downward trend. Recent price action suggests a corrective pullback, potentially setting up for another move lower if resistance holds.
Key Level: 0.7870
This zone, previously a consolidation area, now acts as a significant resistance level.
Bearish Scenario (rejection at 0.787:
A failed test and rejection at 0.7870 would likely resume the bearish momentum.
Downside targets include:
0.7600 – Initial support
0.7550 – Intermediate support
0.7480 – Longer-term support level
Bullish Scenario (breakout above 0.787:
A confirmed breakout and daily close above 0.7870 would invalidate the bearish setup.
In that case, potential upside resistance levels are:
0.7890 – First resistance
0.7910 – Further upside target
Conclusion
USDCHF remains under bearish pressure, with the 0.7870 level acting as a key inflection point. As long as price remains below this level, the bias favors further downside. Traders should watch for price confirmation around that level to assess the next move.
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USDCHF - Anticipating the Price to Bounce off Weekly Support
The image provided displays a technical analysis chart for the USD/CHF (US Dollar/Swiss Franc) currency pair on a weekly timeframe, showing price consolidation within a triangle pattern.
Chart Analysis and Trading Strategy 📊
The chart indicates the following key technical elements and a potential trading bias:
Currency Pair: USD/CHF. 💴
Pattern: The price action is consolidating within a "Triangle" or symmetrical triangle pattern, characterized by converging trendlines (lower highs and higher lows). This generally indicates a period of market indecision before a potential breakout.
Key Levels: 🎯
Weekly Resistance: A resistance zone is marked near the upper boundary of the triangle. A breakout above the resistance area (around 0.8145 according to recent analysis) would confirm a strong upward movement.
Weekly Support: A support area is indicated near the lower boundary of the triangle (around 0.7865). A break below this support would invalidate the bullish scenario and suggest further decline.
Indicated Bias: The annotation "LOOK FOR LONGS" suggests a bullish bias, anticipating that the price will bounce off the lower trendline/support and eventually break out to the upside. Other recent analyses on the pair also suggest a potential for recovery after testing key support levels. ⬆️
USD-CHF Will Grow! Buy!
Hello,Traders!
USDCHF taps a well-defined horizontal demand and shows strong bullish reaction with clean displacement. Selling pressure weakens, hinting at smart money accumulation and a push toward higher liquidity pools. Time Frame 3H.
Buy!
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