USD/CHF Timeframe H4 
Based on the USD/CHF chart on the H4 timeframe, it currently shows a tendency towards neutral to moderate bullish conditions after successfully breaking out of a weakening phase that has dominated since early April. Analysis using the 100-period Moving Average (MA) and the 200-period MA indicates that the previously strong selling pressure is starting to lose momentum, while buyers are slowly regaining control of the market. Although the upward trend forming is not yet fully strong, several technical signals indicate the potential for further strengthening if the price can maintain its position above the important support area that has formed. Looking at the position of the moving averages, the MA 100 shown in blue and the MA 200 shown in red are currently moving relatively close together and flat. This condition indicates that the market is in a transition phase from a bearish trend to a consolidation phase or even the beginning of forming a new bullish trend. The price is currently slightly above both of these moving averages, which is an initial indication that market sentiment is starting to shift towards the positive side. Additionally, the MA 100 is starting to show an upward trend and is trying to maintain its position around the MA 200, a signal that often precedes the formation of a stronger upward momentum when supported by sufficient volume and fundamental sentiment. In terms of horizontal support and resistance, the nearest resistance area is around the 0.7883 level. This level is an important barrier that has limited price increases in recent weeks. Currently, the price is moving around 0.7877, so it is very close to that resistance. If the price is able to break through and consistently close above 0.7883, the opportunity for an increase towards the next resistance at the 0.7923 area will become more open. The 0.7923 area holds greater technical significance as it is a peak zone that has been a turning point for price movements several times during April and May. A breakthrough above that level will be a strong confirmation that a medium-term bullish trend is starting to form. Higher resistance is seen at the 0.7990 area. This level is a major resistance that has been the upper limit of the price movement structure in recent months. If buying momentum continues to increase and the price successfully reaches that area, then USD/CHF has the potential to enter a broader bullish phase with the next psychological target around the 0.8000 area. On the downside, the nearest support is at the 0.7798 level. This zone has been a bounce area for the price several times and serves as an important foundation for the ongoing upward movement. As long as the price can hold above that level, the chances of an increase are more dominant than the risk of a decline. The next support is at the 0.7756 area, which is a significant low level formed in early May. A breakthrough below this area will change the technical structure to a more bearish one and open up the possibility of a deeper decline. The price movement over the past few weeks also shows an interesting pattern. After forming a series of lower lows from April to early May, the price has started to build a higher low pattern, indicating a decrease in selling pressure. The increase that occurred in mid to late May successfully lifted the price back above the MA 100 and MA 200. This condition is often considered an indication that market participants are starting to accumulate buying positions and anticipate further strengthening potential. However, there are still some factors to consider. One of them is the fact that the price has not yet convincingly broken through the main resistance. As long as the price remains below the 0.7883 and 0.7923 areas, the market may still be in a consolidation phase. A short-term correction towards the 0.7850 area or even 0.7798 is still very likely to occur without altering the bullish structure that is starting to develop. Overall, the technical analysis of USD/CHF on the H4 timeframe indicates that the market is in a recovery phase after a fairly long downtrend. The price position above the MA 100 and MA 200 gives a positive signal for buyers, while the 0.7883 resistance area is a key level that needs to be breached to confirm the continuation of the upward trend. As long as the price can hold above the 0.7798 support and not fall back below the MA 100 and MA 200, the bias is still towards the upside. Therefore, the most dominant scenario at the moment is a continuation of the strengthening towards the 0.7923 area and potentially towards 0.7990 in the medium term, with short-term corrections still considered a normal part of the process of forming a stronger bullish trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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