- Analytics
- News and Tools
- Market News
- USD/CHF Price Analysis: Bulls showing their cards for a significant correction
USD/CHF Price Analysis: Bulls showing their cards for a significant correction
- USD/CHF bulls are in the market with sights on a significant correction.
- The bulls need to get above the first hurdle as being the hourly resistances.
USD/CHF is attempting to recover from the lows of 0.9108 with highs of 0.9135 in sight while being 0.14% up on the day so far. As illustrated in the following charts, the bulls have moved in but there could be some resistance that needs to give in order to see anything of the likes in a significant correction.
USD/CHF H1 charts
The hourly charts above show resistance both horizontal and dynamic that is coming under pressure in the Asian session.
USD/CHF daily charts
The daily chart sees the price meeting support and if the bulls commit, the resistance should be blown out of the water in a bullish surge into the Fibonacci scale as illustrated above.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
