Trade Idea
Duration: Intraday
Expires: 09/07/2025 06:00
Technical Overview
No significant events are scheduled in the next 24 hours, allowing technical patterns to dominate intraday trading.
Key Technical Levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
- Type: Sell Limit
- Entry: 0.7989
- Target: 0.7905
- Stop Loss: 0.8018
Duration: Intraday
Expires: 09/07/2025 06:00
Technical Overview
- The primary trend remains bearish, and price is currently trading within a corrective channel formation, suggesting further downside potential.
- Trendline resistance at 0.7995 aligns closely with the entry point of 0.7989, providing a strong technical barrier to cap gains.
- The recent weakness in the US dollar supports a continued bearish outlook for USDCHF.
- A break below support zones could accelerate a move toward the target at 0.7905.
No significant events are scheduled in the next 24 hours, allowing technical patterns to dominate intraday trading.
Key Technical Levels
- Resistance: 0.7991 / 0.8020 / 0.8050
- Support: 0.7958 / 0.7922 / 0.7900
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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.