- Analytics
- Market analysis
- Technical Analysis
- USD / CHF remains below MA (200) H1
USD / CHF remains below MA (200) H1
Today, since the beginning of trading, the USD/CHF pair has grown from Chf0. 9135 to Chf0.9170, but during the European session it sharply declined to Chf0.9130, losing all the positions won. On the hourly chart, the pair is located below the moving average line MA (200) H1 (Chf0. 9170), and on the four - hour chart-below MA (200) H4 (Chf0.9280). In this situation, it is probably worth sticking to the southern direction in trading, and maybe you should look for exit points for selling.
⦁ Resistance levels are: Chf0.9170, Chf0.9195-0.9215, Chf0.9245
⦁ Support levels are: Chf0.9120, Chf0.9070, Chf0.9025
The main scenario for the pair's promotion - decline to yesterday's low of Chf0. 9120 and then maybe to Chf0. 9070 (March 1 low)
An alternative scenario - if the resistance of Chf0.9170 (April 23 high, session high, MA (200) H1) is broken, the pair can rise to Chf0. 9195-0. 9215 (April 19 and 21 highs)
© 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
