- Analytics
- News and Tools
- Market News
- USD/CHF Price Analysis: Bullish correction eyed, but bears to commit below 0.9150
USD/CHF Price Analysis: Bullish correction eyed, but bears to commit below 0.9150
- USD/CHF bears could be headed for a test of the 0.8920s.
- The bears will need to commit below 0.9150 on a correction.
As per the prior analysis, USD/CHF Price Analysis: Bears are in the market and eye a break of 0.9120, the bears stayed with the course and busted to lower levels as the following will illustrate.
USD/CHF prior analysis
USD/CHF daily chart
It was noted that the M-formation was bearish with the price struggling at the neckline resistance...
Update
USD/CHF H1, prior analysis chart
The resistance on the hourly chart was showing that the price was being resisted after the break of structure, BoS, from the prior day.
Update
At this juncture, it would appear that the momentum is with the bears that are headed for a test of the 0.8920s as per the following weekly chart:
Meanwhile, the daily chart shows that the bears have broken structure as follows:
The bears are meeting prior support of 0.9060 and have pierced the level to 0.9055. There could be a correction here but if the bears commit below 0.9150, the likelihood will be for a downside continuation as per the weekly support area.
© 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
