📉 Bearish Outlook on USD/CHF – Here's Why I'm Going Short! 📉
🔎 Fundamental Analysis:
Swiss Franc's Safe-Haven Appeal:
Despite recent rate cuts by the Swiss National Bank (SNB), the Swiss franc continues to attract investors seeking stability amid global uncertainties. SNB Chairman Martin Schlegel emphasized that the franc is likely to remain a safe-haven currency.
marketwatch.com
Reuters
SNB's Monetary Policy:
The SNB's recent 50 basis point rate cut to 0.5% was a proactive measure to address low inflation and prevent excessive franc appreciation. This move indicates the SNB's commitment to maintaining economic stability.
US Dollar Dynamics:
The US dollar has been under pressure due to shifting Federal Reserve policies and economic data suggesting a potential slowdown. This environment may lead to further USD depreciation against the CHF.
📊 Technical Analysis:
Downtrend Confirmation:
USD/CHF has been on a consistent downtrend, breaking below key support levels.
actionforex.com
Bearish Trendline:
A prominent bearish trend line is forming with resistance at 0.8825 on the 4-hour chart, indicating sustained selling pressure.
actionforex.com
Moving Averages:
The pair is trading below its 50-day and 200-day moving averages, reinforcing the bearish momentum.
🔎 Fundamental Analysis:
Swiss Franc's Safe-Haven Appeal:
Despite recent rate cuts by the Swiss National Bank (SNB), the Swiss franc continues to attract investors seeking stability amid global uncertainties. SNB Chairman Martin Schlegel emphasized that the franc is likely to remain a safe-haven currency.
marketwatch.com
Reuters
SNB's Monetary Policy:
The SNB's recent 50 basis point rate cut to 0.5% was a proactive measure to address low inflation and prevent excessive franc appreciation. This move indicates the SNB's commitment to maintaining economic stability.
US Dollar Dynamics:
The US dollar has been under pressure due to shifting Federal Reserve policies and economic data suggesting a potential slowdown. This environment may lead to further USD depreciation against the CHF.
📊 Technical Analysis:
Downtrend Confirmation:
USD/CHF has been on a consistent downtrend, breaking below key support levels.
actionforex.com
Bearish Trendline:
A prominent bearish trend line is forming with resistance at 0.8825 on the 4-hour chart, indicating sustained selling pressure.
actionforex.com
Moving Averages:
The pair is trading below its 50-day and 200-day moving averages, reinforcing the bearish momentum.
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.
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.