- Analytics
- Market analysis
- Technical Analysis
- USD/CHF is testing the MA (200) H1
USD/CHF is testing the MA (200) H1
Today, the USD/CHF pair is trading in the range of Chf0.9130-60 and testing the MA (200) H1 moving average line (Chf0.9140). The situation is similar on the four-hour chart. While USD/CHF is not fixed above this level, it is probably worth sticking to the southern direction in trading and, at the end of the correction, look for exit points to sell. Resistance to Chf0.9160 may keep USD/CHF from rising. If it breaks through, the pair may rise to Chf0.9195. On the other hand, if the support for Chf0.9110 is broken, the pair may drop to Chf0.9085. The most likely range of price movement to date may be hidden within the range of Chf0.9110-60.
⦁ Resistance levels are at: Chf0.9160, Chf0.9195, Chf0.9245
⦁ Support levels are at: Chf0.9110, Chf0.9085, Chf0.9050-55
The main scenario for the pair's promotion - break in support for Chf0.9110 (October 14 low) and a likely decline in the pair to Chf0.9085 (October 12-13 low).
An alternative scenario - breakout of the Chf0.9160 resistance (October 14 high, session high) and possible growth of the pair to Chf0.9195 (October 8 high).
© 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
