FX.co ★ Jackroay | USD/CHF

USD / CHF M15 Technical Analysis The USD/CHF pair on the 15-minute timeframe (M15) is currently showing a strong bullish trend, with buyers clearly dominating the market. Looking at the chart, price initially moved in a slow sideways-to-bearish phase around the 0.7925 – 0.7935 zone, where sellers controlled the market for some time. However, this weak bearish movement changed when the market formed a strong impulsive bullish candle around 17 June, which created a sharp breakout above previous resistance levels. This sudden upward movement shows that buyers entered the market with strong momentum and completely changed short-term direction. After this breakout, the price did not return to previous lows, which tells me that buyers are holding control and market sentiment has shifted upward. The market then started creating a pattern of higher highs and higher lows, which is one of the clearest signs of a bullish structure. I can also see that after each upward move, the market made only small pullbacks instead of deep corrections, showing that sellers are weak and unable to push price lower. At the moment, price has moved near the 0.8080 area, while an important horizontal level around 0.8070 is visible on the chart. This level previously acted as resistance, but now price is trading above it, meaning it may become a new support zone. If the market stays above this level, buyers may continue pushing price higher. Overall, the structure remains bullish, and as long as the market keeps respecting higher support areas, the buying pressure is likely to continue in the short term.

The volume indicator on the lower part of the chart gives additional confirmation of the bullish movement. I notice a very large increase in trading volume during the strong breakout on 17 June, which is an important sign because strong volume usually confirms real market participation. This means the bullish breakout was not random but supported by strong buying interest. After that explosive move, volume gradually reduced, but price continued moving higher in a controlled bullish pattern. This tells me that buyers are still active even though momentum has become smoother. Another important observation is that every pullback after the breakout happened with relatively lower selling volume, suggesting sellers do not have enough strength to reverse the trend. I see the market recently testing the 0.8070 – 0.8080 zone, which is now a key decision area. If price consolidates above 0.8070, I expect continuation toward higher levels, possibly extending the bullish move further. On the other hand, if sellers push price below this level and manage to create strong bearish candles with increasing volume, then a short-term correction may begin before the uptrend continues again. For my trading view, I would remain bullish while watching for pullbacks into support zones instead of chasing price at the top. The overall momentum remains positive, market structure supports buyers, and volume confirms that recent upward movement is strong. In conclusion, USD/CHF on M15 remains bullish, and unless there is a clear breakdown below support with strong selling pressure, the market still favors buyers for the next trading sessions.