Technical Analysis
14.01.2021, 05:40

USD/CHF remains above MA 200 H1

Yesterday the USD/CHF traded in different directions in the range of Chf0.8850-85 and closed the day without significant changes. Today it also traded in a narrow range of Chf0.8865-90, staying close to yesterday's closing price. On the hourly chart, USD/CHF is still trading above the MA line (200) H1 (Chf0.8840). On the four-hour chart, the USD/CHF remains below the MA 200 H4 line. Based on the foregoing, it is probably worth sticking to the northern direction in trading, and while the USD/CHF remains above MA 200 H1, it may be necessary to look for buy entry points to form a correction.

  • Resistances levels are at: Chf0.8915-20, Chf0.8945, Chf0.9010

  • Support levels are at: Chf0.8850, Chf0.8820, Chf0.8785

Probably, the main scenario - is a further rise towards Chf0.8915 (Jan 12 high). Alternative scenario - may be final consolidation below MA 200 H1, followed by a decline towards Chf0.8760 (Jan 6 low).

© 2000-2021. 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