- Analytics
- Market analysis
- Technical Analysis
- USD/CHF fell below the MA (200) H1
USD/CHF fell below the MA (200) H1
Today, the USD/CHF pair is trading in the 0.8650-85 range after declining yesterday to a 4.5-month low of 0.8630. On the hourly chart, USD/CHF has moved below the H1 MA (200) H1 moving average (0.8745) and remains well below the H4 MA (200) H4 (0.8860) on the four-hour chart. Technically speaking, the 0.8630 support level may keep prices from further declines. If this level is passed, the pair could fall towards 0.8550. The upper boundary of 0.8785 represents a strong resistance level.
⦁ Resistance levels are: 0.8730-45, 0.8785, 0.8820
⦁ Support levels are: 0.8630, 0.8550, 0.8500
The main scenario for the pair implies a break of support at 0.8630 (Dec 14 low) and may be a decline to 0.8550 (July 27 low)
The alternative scenario implies a break of resistance at 0.8730-45 (Dec 14 high, MA (200) H1) and may be a rise to 0.8785 (Dec 12 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
