Market Outlook:
The USD/CHF pair appears to be setting up for a potential short opportunity this week, based on key technical signals from the weekly chart. Here’s why:
1. Key Resistance Rejection & Price Action:
• Price is testing a strong resistance zone, aligning with a previous high.
• There is rejection wicks forming at this level, signaling a struggle for buyers to push higher.
• The red zone highlights a potential area for price reversal, with an expectation of bearish movement from this level.
2. Moving Averages Alignment (Bearish Bias)
• The 50 MA (yellow) and 200 MA (red) are acting as dynamic resistance.
• A rejection from this level suggests that price could be respecting the longer-term moving average structure.
• If price fails to close above this resistance, it strengthens the bearish bias.
3. RSI & Momentum Indicators Showing Weakness
• RSI appears to be in a potential overbought zone or showing divergence.
• This suggests that bullish momentum is weakening, supporting a short scenario.
The USD/CHF pair appears to be setting up for a potential short opportunity this week, based on key technical signals from the weekly chart. Here’s why:
1. Key Resistance Rejection & Price Action:
• Price is testing a strong resistance zone, aligning with a previous high.
• There is rejection wicks forming at this level, signaling a struggle for buyers to push higher.
• The red zone highlights a potential area for price reversal, with an expectation of bearish movement from this level.
2. Moving Averages Alignment (Bearish Bias)
• The 50 MA (yellow) and 200 MA (red) are acting as dynamic resistance.
• A rejection from this level suggests that price could be respecting the longer-term moving average structure.
• If price fails to close above this resistance, it strengthens the bearish bias.
3. RSI & Momentum Indicators Showing Weakness
• RSI appears to be in a potential overbought zone or showing divergence.
• This suggests that bullish momentum is weakening, supporting a short scenario.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.