USDCHF - Bearish Momentum or Reversal?Looking at the Daily Chart, price is currently retesting the 9 EMA after a downward move, which could signal a continuation of selling pressure. The MACD is attempting a bullish crossover, but it hasn’t fully confirmed yet. If price fails to close above the 9 EMA, the bearish bias remains intact.
On the 4H Chart, we see strong selling pressure, with the 9 and 50 EMA acting as dynamic resistance. The MACD is forming a strong sell signal, suggesting momentum is shifting downward. Even if price pushes slightly higher, the accumulation zone above could lead to consolidation, limiting further upside potential.
The 1H Chart doesn’t provide a clear trend direction but MACD is aligning for a stronger sell signal, reinforcing bearish sentiment.
Trade Outlook:
• Bearish Confirmation: If price fails to break above the 4H accumulation zone, we could see further downside.
• Potential Entry: Look for a break & retest of key levels on the 1H or 4H for confirmation.
• Invalidation: A daily close above the 9 EMA would indicate a possible shift in structure.
• Target: The next major support at 0.86433 (Daily Support).
Would love to hear your thoughts! Are we continuing bearish, or will bulls take control? 🚀👇 #USDCHF #Forex #Trading
