After breaking the bullish trend last month, we saw an impulse of selling and a low price of $3245 per troy ounce.
Since then, a corrective pattern has been forming.
Will we see another impulse of selling after the correction is over?
If you agree with this analysis, look for a trade that meets your strategy rules.
Price has broken and closed below 1.5950 which was support over the last few days. Look for a pullback, retest and rejection.
If you agree with this analysis, look for a trade that meets your strategy rules.
With price in a bullish trend and printing a Doji candle at the trendline, we may now see buyers step back into the market once again.
If you agree with this analysis, look for a trade setup that meets your strategy rules.
Price is in a daily uptrend and has pulled back to the 50 moving average.
Here, price may find support and set up for another bullish impulse.
However, if price breaks the last swing low at 1.33705, we may have seen a top formed and a change in sentiment.
If you agree with this analysis. look for a trade that meets your strategy rules.
The overall sentiment of USD/CHF is bearish on the daily chart.
Price is currently correcting the last impulse of selling.
We may see price head further towards the trendline.
If you agree with this analysis, look for a trade that meets your strategy rules.
Price appears to be correcting the huge bullish impulse move which originated on 23rd June 2025 and ended on 1st July 2025.
We have already seen an impulse from the sellers after price peaked at 1.37887 at the beginning of the month.
Current price action is taking the form of a correction and there is the potential of another move down.
If you agree with this...
Price is moving within a bullish channel, which is itself situated inside a bigger bullish structure.
The most recent price action appears to be a consolidation within the uptrend.
Price may possibly be setting up for another impulsive move towards the top of structure for a 3rd test.
If you agree with this analysis, look for a trade that meets your strategy rules.
Price has found resistance at a price of 2.1000 for a number of days.
Mondays large bearish candle suggests that the price is still finding a ceiling at that price point.
This means that we could see some further selling.
If you agree with this analysis, look for a trading opportunity that meets your strategy rules.
Price is bullish but has entered an area of resistance where price last rejected back in December 2024.
Look for price to reject and change in cycle on the smaller time frames.
If you agree with this analysis, look for a trade that meets your strategy rules.
Price is bullish on the daily time frame.
After 4 consecutive bullish days, price printed a bearish inside candle on Friday.
This could potentially be the start of a correction back towards the moving averages and possibly towards the first Fibonacci retracement levels (38.2% and 50%).
If you agree with this analysis, look for a trade that meets your strategy rules.
Price has been testing support at 1.09400 for a number of days.
Failure to break lower could mean buyers step in and a possible range playing out with a potential target of 1.1180
If you agree with this analysis, look for a trade that meets your strategy rules.
Price has broken below the daily trendline, where it found support on four separate occasions.
When retesting the trendline last week, price appeared to reject with 2 consecutive 4 hour bearish candles.
If you agree with this analysis then look for a sell setup that meets your strategy rules.
As we can see, price was printing lower highs from mid April this year, and at the same time, was getting squeezed into the 1.8850 level.
With the buyers defending 1.8850 successfully, it was just a matter of time before either resistance or support was breached.
In June we saw a break to the upside and the trendline tested for several days before buyers took...
Buyers are in charge of the market on the daily timeframe, however the MACD has printed a lower high when price has printed a higher high.
This is a potential sign of the buyers losing their strength and we may see some selling come in.
If you agree with the analysis, look for opportunities to trade that meet your own strategy rules and always use good risk management.
Last week, we saw price close at weekly resistance (resistance from October 2024).
We may see a similar reaction as we move into a new trading week.
The H1 chart could give us our first clues with an early change of cycle.
If you agree with the analysis, look for opportunities to trade that meet your own strategy rules and always use good risk management.
Zooming out, we can see that price is being dominated by the sellers as price moves within a bearish channel.
The most recent price action is printing in the shape of a triangle which can often be a correction pattern in a trending market.
Look for price to test the top of the triangle and see if it reverses (or we could potentially see a false break).
Then...
We can see clear daily support and resistance levels at 2.0550 and 2.1000 respectively.
Inside of this range we can see that price has broken below another level of support at 2.0800
If you agree with the analysis, look for pullbacks and sell setups that meet your strategy rules.
Maybe a final target of 2.0550 could be an option?
Always trade with a proven,...
USD/CAD H4
Momentum is to the downside on the 4 hour chart.
However, with higher lows on the MACD, look for price to pullback to the trendline in the new trading week and potentially to break above.
Always trade with a tested and profitable strategy alongside good risk management.
