Technical Analysis
16.09.2020, 11:43

USD / CHF remains below MA (200) H1


Today, the USD/CHF pair is trading down from Chf0. 9095 to Chf0.9055, losing almost all the positions gained during yesterday's US trading. On the hourly chart, the pair remains below MA (200) H1 (Chf0. 9115). The situation is similar on the four-hour chart. A strong support level of Chf0. 9050 keeps USD / CHF from falling further. If it breaks through, the pair may decline to Chf0. 9000. Chf0. 9095-0.9115 represents the resistance level. If they are passed, USD/CHF may follow a correction to Chf0. 9160. The most likely range of movement of the pair today may be hidden within the range of Chf0. 9050-0.9115.



Resistance levels are at:  Chf0.9095-0.9115, Chf0.9160, Chf0.9200

Support levels are at: Chf0.9050, Chf0.9000, Chf0.8940


The main scenario for the pair's promotion - break in support of Chf0. 9050 (September 10 low), and a likely decline to Chf0.9000 (September 1 low).

An alternative scenario - breakout of the Chf0.9095-0.9115 area (September 11-14 highs, session high, MA (200) H1), and the pair's likely growth to Chf0.9160 (September 6 high).


© 2000-2020. All rights reserved.

This site is managed by Teletrade D.J. Limited 20599 IBC 2012 (First Floor, First St. Vincent Bank Ltd Building, James Street, Kingstown, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

AML Website Summary

Risk Disclosure

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.

Privacy Policy

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.

Feedback
Live Chat E-mail
Up
Choose your language / location