- Analytics
- Market analysis
- Technical Analysis
- USD / CHF tests the strength of the resistance of MA (200) H1
USD / CHF tests the strength of the resistance of MA (200) H1
Today, the USD/CHF pair is trading mainly with an increase from Chf0. 9240 to Chf0.9295 and is testing the resistance of MA (200) H1 (Chf0.9290) for strength. On the four-hour chart, the pair is trading well above MA (200) H4 (Chf0.9080). In this situation, it is probably worth sticking to the north direction in trading and should look for an exit point to buy. Technically speaking, the resistance of Chf0. 9325 may keep prices from rising further. The lower bound of Chf0. 9230-40 represents the main support level.
⦁ Resistance levels are: Chf0.9325, Chf0.9375, Chf0.9410
⦁ Support levels are: Chf0.9230-40, Chf0.9180, Chf0.9135
The main scenario for the pair's promotion - consolidation above MA (200) H1 (Chf0. 9290) and may be an increase to Chf0 .9325 (March 10 and 12 high)
An alternative scenario - correction, breakout of support for Chf0. 9230-40 (March 11-12 and 16 lows) may be a decline to Chf0. 9180 (March 4 low)
© 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
