- Analytics
- Market analysis
- Technical Analysis
- USD/CHF is declining and testing the MA (200) H1.
USD/CHF is declining and testing the MA (200) H1.
Today, the USD/CHF pair is mostly declining from 0.8825 to 0.8790 and is testing the moving average line MA (200) H1 (0.8825) on the hourly chart. On the four-hour chart, the pair is trading above the MA (200) H4 (0.8750). Technically speaking, the support level at 0.8780 may keep prices from further declines. If this level is passed, the pair could fall to 0.8725. The upper boundary of 0.8890 represents a strong resistance level.
⦁ Resistance levels are: 0.8825, 0.8855-65, 0.8890
⦁ Support levels are: отметках: 0.8780, 0.8725-40, 0.8690
The main scenario for the pair implies a breakout of the session high and MA (200) Н1 (0.8820) and a possible rise to 0.8855-65 (March 5-6 high)
The alternative scenario implies a break of the support at 0.8780 (Feb 23 and 29 low) and a possible decline to 0.8725 (Feb 22 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
