- Analytics
- Market analysis
- Technical Analysis
- USD/CHF is testing MA (200) H1
USD/CHF is testing MA (200) H1
Today, the USD/CHF pair is trading in the range of 0.8645-75 after falling this week to a 7-month low of 0.8430. On the hourly chart, the pair is testing the moving average line MA (200) H1 (0.8665), but on the four-hour chart it remains below MA (200) H4 (0.8870). In this situation, the scenario of a further decline in the USD/CHF pair is likely. Technically speaking, the resistance level of 0.8665 can keep USD/CHF from rising. If this level is broken, the pair may rise to 0.8880. The lower bound of 0.8430 represents a strong support level.
⦁ Resistance levels are: 0.8675, 0.8880, 0.8925
⦁ Support levels are: отметках: 0.8560, 0.8495, 0.8430
The main scenario for the pair's promotion assumes a breakout of the support of 0.8560 (Aug 8 low) and 0.8495 (Aug 6 low) and there may be a decrease to 0.8430 (Aug 5 low)
An alternative scenario implies a breakout of the resistance of 0.8675 (Aug 8 high) and there may be an increase to 0.8880 (July 30 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
