USDCHF Forex Analysis - Double Bottom Forming At 0.9084 Monthly Support?

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the USDCHF weekly and daily charts.

Join Senior Market Strategist & Trading Mentor Duncan Cooper as he watches price levels on the USDCHF weekly and daily charts.

Price has declined back down to retest the 0.9084 monthly support level.

Will a double bottom form at the 0.9084 monthly support level?

Price breaking above yesterday’s high will start to confirm the reversal.

Target for the double bottom pattern 0.9820.

This content may have been written by a third party. ACY makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied by any third-party. This content is information only, and does not constitute financial, investment or other advice on which you can rely.

ACY Securities
Type: STP, ECN, Prime of Prime, Pro
Regulation: ASIC (Australia), FSCA (South Africa), FSA (SVG)
read more
Oil Markets Stabilize as Hormuz Agreement Eases Supply Concerns | 6th August, 2026

Oil Markets Stabilize as Hormuz Agreement Eases Supply Concerns | 6th August, 2026

Oil markets stabilized after the Iran-Oman agreement eased concerns over supply disruptions in the Strait of Hormuz, while fading expectations of further Federal Reserve rate hikes weakened the US Dollar. The softer Greenback supported the Canadian Dollar, Swiss Franc, and Euro as investors turned their focus to energy markets, central bank guidance, and upcoming economic data.
Moneta Markets | 33 days ago
Major Currencies Extend Gains as US Dollar Weakens Ahead of Key US Data | 5th August, 2026

Major Currencies Extend Gains as US Dollar Weakens Ahead of Key US Data | 5th August, 2026

The US Dollar remained under pressure ahead of key US labor market data, with investors scaling back Fed tightening expectations. The weaker Greenback supported the Euro, British Pound, Australian Dollar, and Swiss Franc, while hawkish ECB expectations further boosted the Euro. Markets now await the ADP Employment report and upcoming US jobs data for the next directional move.
Moneta Markets | 34 days ago