- Analytics
- Market analysis
- Technical Analysis
- USD/CHF tests MA (200) H1
USD/CHF tests MA (200) H1
Today the pair USD/CHF is trading in the range of 0.8755-80 and on the hourly chart is testing the moving average line MA (200) H1(0.8755). On the four-hour chart, the situation is similar. Technically speaking, the resistance level of 0.8780 keeps prices from further growth. If this level is broken, the pair may rise to 0.8805. The lower boundary of 0.8690-0.8700 represents a support level. The most probable range of the pair's movement for today may be hidden within the 0.8690-0.8780 range
⦁ Resistance levels are: 0.8790, 0.8830, 0.8920
⦁ Support levels are: 0.8735, 0.8690-0.8700, 0.8660
The main scenario for the pair implies a decline to 0.8735 (August 11 low) and then, maybe, to 0.8690-0.8700 (August 4 and 10 lows)
An alternative scenario suggests a break of the session high of 0.8790 and there could be a rise to 0.8830 (August 14 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
