USDCHF BEARISH FOR 100PIPSA forecast for a 100-pip bearish move on USD/CHF suggests you’re expecting the price to decline significantly in the near term. If you're looking to forecast this move, a few key factors to consider might include:
Technical Analysis: Are there any key levels of support or resistance you’re watching? For instance, if USD/CHF is approaching a strong resistance zone, a pullback or bearish move could be likely.
Moving Averages: Are the shorter-term moving averages crossing below the longer-term ones? This could signal a bearish trend.
Trendlines: Is there a trendline or channel that price has recently broken, suggesting further downward movement?
Economic Data: Any upcoming data or news releases that could impact USD or CHF? For example, economic reports, interest rate decisions, or geopolitical events.
RSI or MACD: Is the RSI overbought, indicating a potential reversal? Or is the MACD showing bearish momentum?