• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

USDCHF Faces A Bullish Setback at 0.89160 Resistance Zone

Johnathon Fox
11/15/2024 | UPDATED ON: 11/15/2024

USDCHF Bullish Momentum Slows Down

USDCHF is encountering a significant hurdle at the 0.89160 resistance zone. After maintaining an upward trend for the past couple of months, the pair’s bullish momentum appears to be waning as sellers emerge near this critical level. This marks a potential turning point, with market activity suggesting a possible slowdown in the prevailing uptrend.


USDCHF Price Levels

Resistance Zones: 0.89160, 0.86300
Support Zones: 0.87820, 0.87000
USDCHF Faces A Bullish Setback at 0.89160 Resistance Zone
The recent price action hints at a short-term pullback, though it is unclear whether this will develop into a full bearish reversal or serve as a temporary correction. Over the last two months, buyers have steadily pushed USDCHF higher from its lower levels. This month, the pair surged to 0.89160, a key resistance point that has sparked increased selling interest and initiated a pullback.

The activity at this resistance zone could signal the onset of a broader bearish move or simply a natural retracement as buyers take profits. Following significant gains in recent months, such a retracement would be expected as the market finds balance.

The MACD (Moving Average Convergence and Divergence) indicator shows that bullish momentum may be reaching a peak, with the histogram beginning to flatten. While the MACD line remains above the signal line, indicating that the broader bullish trend is intact, the fading momentum suggests a potential pause in the upward drive. Similarly, the Stochastic Oscillator is in the overbought region, signaling that the market may be overextended on the buy side.

USDCHF Faces A Bullish Setback at 0.89160 Resistance Zone
Market Expectation

On shorter time frames, sellers are becoming more active, applying pressure on the uptrend. Although the MACD remains positive on these lower frames, it shows signs of slowing momentum.

The Stochastic Oscillator, remaining in the overbought zone, indicates that buyers may need to regroup before resuming their upward push. Traders monitoring forex signals should remain cautious, as the market appears poised for a potential pause or short-term correction.

Note: Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not for your investing results.

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « Tamadoge (TAMA/USD) Price Affirms Basis, Holding Rises
Next Post: NZDUSD Continues to Trend Bearish »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US