The chart shows strong bearish momentum, but price is approaching a potential demand zone, though it hasn't fully tested it yet. The main focus is on the 0.8080–0.8095 area, aligned with the 0.618 Fibonacci level — a key point where a bounce may occur.
Key Levels:
🔹 Buy Zone #1: 0.8080–0.8095
→ 0.618 Fibonacci, previous consolidation, and a potential reversal point
🔹 Buy Zone #2: 0.7780–0.7800
→ 0.786 Fibonacci, deeper support and lower boundary of the structure
Scenario:
The current structure hints at a possible W-pattern formation after a dip into the demand zone.
If the bullish scenario plays out, potential recovery targets include:
→ 0.8300–0.8500 – initial correction targets
→ 0.8770 – major resistance (Fibo 0.236)
Alternative View:
If price breaks below the 0.7780 level, the structure would shift bearish — next area of interest could form below 0.75.
USDCHF is in a wait-and-watch zone. The downward move continues, but key levels (especially 0.8080 and 0.7780) are worth watching as potential demand zones. There’s a high probability of a technical bounce or reversal setup developing once these zones are tested.
Key Levels:
🔹 Buy Zone #1: 0.8080–0.8095
→ 0.618 Fibonacci, previous consolidation, and a potential reversal point
🔹 Buy Zone #2: 0.7780–0.7800
→ 0.786 Fibonacci, deeper support and lower boundary of the structure
Scenario:
The current structure hints at a possible W-pattern formation after a dip into the demand zone.
If the bullish scenario plays out, potential recovery targets include:
→ 0.8300–0.8500 – initial correction targets
→ 0.8770 – major resistance (Fibo 0.236)
Alternative View:
If price breaks below the 0.7780 level, the structure would shift bearish — next area of interest could form below 0.75.
USDCHF is in a wait-and-watch zone. The downward move continues, but key levels (especially 0.8080 and 0.7780) are worth watching as potential demand zones. There’s a high probability of a technical bounce or reversal setup developing once these zones are tested.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👨🎓 Наш телеграм t.me/totoshkatrading
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
🔗 Сайт totoshkatrades.com
🉐 Платформы linktr.ee/totoshka55
💬 Наши контакты @Totoshkatips
🔗 Сайт totoshkatrades.com
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.