- Analytics
- Market analysis
- Technical Analysis
- The USD / CHF pair rose to a two-month high
The USD / CHF pair rose to a two-month high
Today, the USD/CHF pair rose sharply from Chf0. 8895 to Chf0.8965, reaching a nearly two-month high. The pair broke through the resistance of Chf0. 8920-25, which became the nearest support. On the hourly chart, USD / CHF rose above the moving average line of MA (200) H1 (Chf0. 8880) and on the four - hour chart-above MA (200) H4 (Chf0.8865). In this situation, it is probably worth sticking to the north direction in trading and looking for exit points to buy.
⦁ Resistance levels are: Chf0.8965, Chf0.9010, Chf0.9090
⦁ Support levels are: Chf0.8920-25, Chf0.8860-80, Chf0.8840
The main scenario for the pair's promotion - breakout of the session high of Chf0. 8965, and then, perhaps, the pair's growth to Chf0. 9010 (December 2 high)
An alternative scenario - If the support is Chf0. 8920-25 (January 18-20 and 27-28 highs), the pair may fall to Chf0.8860-80 (January 27-29 lows, MA (200) H1)
© 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
