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Trader Journals:::2025-07-15T10:13:23

USD/CHF

Technical Analysis 15 Jully 2025 USD/CHF D-1

USD/CHF

The wave structure is building its order downwards; the MACD indicator used is in the lower zone for sales but has already gone up above the signal line. Last week, in fact, things did not go anywhere; the price was sawing sideways at the bottom of the downward trend. Although the growth looked more promising if you look at the position of the US dollar in relation to other major currencies in general. On a number of major instruments, there were and are divergences on various indicators on daily charts, that is, signals in favor of strengthening the US dollar. Here, now, when going beyond the minimum, such a signal was formed—a bullish divergence on the MACD indicator. Another plus to that is a bullish divergence on the CCI indicator, only much smaller in size than on the MACD. Some other major pairs also previously went beyond their maximum or minimum, forming a reversal signal. And it is obvious that a correction is planned; the US dollar will strengthen and accordingly will drag the price here up. This is my assumption. The basis of this assumption is very weighty; after all, such signals on higher periods do not happen every day. In the meantime, the price is demonstrating with all its might that it is not going to grow anywhere at all. The minimum target of the expected growth is the horizontal resistance level of 0.8075 and the descending line that can be built from it. Some kind of struggle will probably unfold near the level of 0.8075; they will try to lower the price from it, but ultimately I think that buyers will win and this level will become a mirror on the edge of the decline; the resistance will change to support. This will confirm the development of the correction upward further and the working out of the divergence signal. In this case, the target here can be determined for now as the area of the level of 0.8300; the farthest target is the level of 0.8461. Based on what was said during the day, in my opinion, it is better to look only at growth formations here. Important news for today at 15 US Consumer Price Index.
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