USDCHF Annual Forecast – Price Order Flow Is Set In a Bear Market
The annual forecast for USDCHF shows that the price overflow is set in the bear market as it continues into the year 2022. The market’s order flow has majorly followed a bearish injunction in the market. The existence of this bear trend can be dated back to the year 2005. The price action has been dropping significantly downward as the market happens to retest the trend line pattern above it. The market, however, is still solid and will race downward this year in 2022.
USDCHF Price Levels:
Resistance Levels: 1.21900, 0.99100
Support Levels: 0.86200, 0.70600
USDCHF Long Term Plan: Bearish
USDCHF price movement has generally operated more in bearish order than the bulls one. Even though the bullish are also influencing the market, their effects and positions held for the past few years haven’t been as strong as the bearish orders. From a significant drop following a breakthrough to several key levels. USDCHF has now dropped sharply to its lowest low of the year at 0.70600. The market level has now failed to break through this low in recent years.
The bulls are also engaging in price orientation. They, however, eventually succeeded in pumping the price movement upward back to 0.99100, a significant price level, as the Stochastic Oscillator indicator also shows a price signal following this. The market, following a descending channel, shows bears still having more influence in the market as the price continues to roll in the few months to come in 2022.
USDCHF Medium Term Plan: Bearish
On the weekly chart, the price movement is currently seen to be in the bear’s orientation. After the price rally from the 1.21900 to 0.99100 significant price level, the bears and bulls have been condensing price movement below the trend line channel. When the sellers continue to gain more positions, there will be a display of significant drop in the following weeks to come to the 0.86200 price level as the Parabolic SAR (Stop and Reverse) indicator shows price movement beginning with downtrend dots as more bearish moments unfold.
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