FX.co ★ USD/CHF

USDCHFHello traders! The readings of the linear regression channel indicator favor the seller, who is strong and showing activity because the slope is to the south. I am considering selling from the upper edge of the channel at 0.80134, near which there is a cluster of seller positions. The movement will be towards the lower edge of the channel at the level of 0.79729. After reaching this level, buyers may show up, wishing to return to the selling zone. To move upwards, intending to go higher than to regain the chance to recover in the H1 trend. If the price consolidates above the level of 0.80134, the possibility of looking for sales will be canceled, and the situation on the M15 timeframe will need to be reassessed. Resumption of sales will occur upon returning below the 0.80134 level. If the channel continues to point downwards.

In contrast to the M15 chart, the hourly linear regression channel is moving upwards, emphasizing buyer activity. The buyer weakens in front of the seller, managing to break through and fall below the level of 0.79909. This indicates strong bearish interest in the market. This interest may develop with a specific goal for the seller to turn the H1 channel downwards. This would mark the end of the bullish trend. Subsequently, the seller's dominance will be expressed by a downward channel, already indicating a bearish trend. A strong bear will try to reach the level of 0.79069 to achieve its goal. If the conditions on the M15 are met, when the market is above the levels of 0.80134 and 0.79909, the bulls will restore their bullish movement.