FX.co ★ absh kaat | USD/CHF

Hello, sir! I believe that if I approach the USD/CHF pair conservatively and avoid making any long-term projections, I can clearly see that the market remains locked within a narrow sideways range with no fundamentally new developments. I am observing on the daily chart, using wave-based analysis, that the overall structure continues to respect horizontal boundaries rather than forming a directional trend. I have drawn guiding lines along the peaks of the trading zigzags, and I can see that they form a fairly stable and technically clean sideways corridor. I am noting that the price is currently moving from one edge of this range to the other, which reinforces the idea of range-bound trading rather than trend continuation. I am seeing that the lower boundary of this sideways range has already been reached, which naturally shifts my attention toward a potential corrective move upward. I am currently attempting to fine-tune this expected upward movement using the pendulum method, as it aligns well with price oscillations inside a flat structure. I am defining the broader consolidation zone clearly between 0.7915 and 0.8080, and I am treating these levels as the primary reference points for decision-making. I am noticing that the MA100 is moving almost perfectly parallel to the horizontal axis, which I interpret as a clear confirmation of a flat market sentiment on a weekly basis. I am also paying close attention to the MA18, and I can see that it has crossed the key moving average from bottom to top, forming what I interpret as a golden cross within the range. I am aware that this signal is not particularly aggressive, since both moving averages remain dull and nearly parallel, but I still consider it a mild bullish indication in a flat environment. I am concluding that both intraday and intraweek dynamics remain sideways, meaning volatility is limited and directional impulses are restrained. I am encouraged by the Ichimoku Cloud, as I see that it has recently shifted in favor of the bulls, even though it is still in an early and fragile phase. I am also observing that the histogram ahead is beginning to expand its body in favor of growth, which subtly supports a bullish corrective scenario. I am further supported in this view by basement indicator pairs, which I see gradually aligning in favor of a northward move. I am therefore expecting that, if the current technical balance holds, the pair will likely gravitate toward the 0.8080 resistance level in the coming week, while still remaining within the broader sideways framework.

Greetings! I am observing a very peculiar and somewhat confusing technical picture on the USD/CHF pair, and I am finding it increasingly difficult to interpret the market’s true intentions with confidence. I am seeing that the price has once again tested the ascending sloping trendline drawn along the recent lows, and I am noting that this line has already been tested multiple times, which naturally weakens its technical significance. I am also aware that despite these numerous tests, I have not seen a convincing bearish breakout, and I am now witnessing a pullback from this support area, which adds to the overall uncertainty. I am interpreting the current behavior as strange because I usually expect either a clean bounce or a decisive breakdown after so many tests, yet I am seeing neither scenario fully materialize. I am considering the possibility that the pair may still attempt another pullback or consolidation phase, especially since I see the price trading very close to the local lows, which statistically increases the probability of a downward continuation. I am thinking that the bears do not need a strong impulse at this stage, because I believe even a modest push lower could be enough to trigger a slide toward the very bottom of the recent range. I am convinced that if this lower boundary gives way, I will likely see a sharp acceleration in bearish momentum, making a continuation of the broader downtrend almost inevitable. I am also factoring in the psychological aspect of the market, as I suspect that repeated failures to break higher may have exhausted buyers and encouraged sellers to remain active. I am cautious, however, because I recognize that false breakdowns are common near such well-watched trendlines, and I do not want to rush into a position prematurely. I am therefore refraining from opening trades at the moment, as I do not yet see a clear confirmation in either direction. I am leaning toward patience, because I believe waiting for a decisive breakout or a strong rejection with volume will offer a much better risk-to-reward opportunity. I am ultimately prioritizing capital preservation here, and I am comfortable staying on the sidelines until the USD/CHF pair clearly reveals its next directional move.