USD/CHF – 4H Chart Analysis (Feb 28, 2025)
1. Market Structure & Trend Analysis
Break of Uptrend: The price broke below the previous ascending trendline, indicating a shift in momentum.
Descending Trendline Retest: USD/CHF is currently testing the 0.9010 resistance, which aligns with a previous support level now turned resistance.
Potential Rejection Zone: If the price fails to break above 0.9010-0.9012, we may see another bearish leg.
2. RSI & Momentum Analysis
RSI is currently at 62.70, which is near overbought conditions.
The price has bounced from the lows, but RSI suggests it is approaching a potential resistance zone.
3. Key Levels to Watch
Resistance:
0.9010 - 0.9012 (Key level where price is struggling)
0.9050 (Next resistance if broken)
Support:
0.8950 - 0.8960 (Potential demand zone)
0.8900 (Stronger support if selling pressure increases)
4. Potential Trade Scenarios
📉 Bearish Scenario (Higher Probability)
If price fails to break 0.9010, expect a rejection and continuation to 0.8950 or lower.
Short Setup:
Entry: 0.9005 - 0.9010
Stop-loss: Above 0.9030
Target: 0.8950 - 0.8900
📈 Bullish Scenario (Lower Probability)
If price breaks and holds above 0.9012, it could push towards 0.9050.
Long Setup:
Entry: Above 0.9020
Stop-loss: Below 0.8990
Target: 0.9050 - 0.9080
5. Conclusion & Strategy
Short-term bias: Bearish below 0.9010, with a possible drop to 0.8950.
Trade idea: Look for short opportunities around resistance, unless a clean breakout happens.
Risk management: Watch for fake breakouts, and adjust stop-loss accordingly.
1. Market Structure & Trend Analysis
Break of Uptrend: The price broke below the previous ascending trendline, indicating a shift in momentum.
Descending Trendline Retest: USD/CHF is currently testing the 0.9010 resistance, which aligns with a previous support level now turned resistance.
Potential Rejection Zone: If the price fails to break above 0.9010-0.9012, we may see another bearish leg.
2. RSI & Momentum Analysis
RSI is currently at 62.70, which is near overbought conditions.
The price has bounced from the lows, but RSI suggests it is approaching a potential resistance zone.
3. Key Levels to Watch
Resistance:
0.9010 - 0.9012 (Key level where price is struggling)
0.9050 (Next resistance if broken)
Support:
0.8950 - 0.8960 (Potential demand zone)
0.8900 (Stronger support if selling pressure increases)
4. Potential Trade Scenarios
📉 Bearish Scenario (Higher Probability)
If price fails to break 0.9010, expect a rejection and continuation to 0.8950 or lower.
Short Setup:
Entry: 0.9005 - 0.9010
Stop-loss: Above 0.9030
Target: 0.8950 - 0.8900
📈 Bullish Scenario (Lower Probability)
If price breaks and holds above 0.9012, it could push towards 0.9050.
Long Setup:
Entry: Above 0.9020
Stop-loss: Below 0.8990
Target: 0.9050 - 0.9080
5. Conclusion & Strategy
Short-term bias: Bearish below 0.9010, with a possible drop to 0.8950.
Trade idea: Look for short opportunities around resistance, unless a clean breakout happens.
Risk management: Watch for fake breakouts, and adjust stop-loss accordingly.
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.