- Analytics
- Market analysis
- Technical Analysis
- USD/CHF is trading near a more than one-week high
USD/CHF is trading near a more than one-week high
Today, the USD/CHF pair is trading in the range of Chf0. 9135-70-near the more than one-week high reached yesterday. On the hourly chart, the pair rose above the MA (200) H1 moving average line (Chf0. 9095). The situation is similar on the four-hour chart. If the pair gains a foothold above this level, a new uptrend is likely to start forming. Until this happens, it may be worth continuing to adhere to the southern direction in trade, and at the end of the correction, look for points of entry to sell. The most likely range of movement of the pair today may be hidden within the range of Chf0. 9075-0.9170.
⦁ Resistance levels are at: Chf0.9170, Chf0.9200, Chf0.9240
⦁ Support levels are at: Chf0.9135, Chf0.9075-95, Chf0.9050
The main scenario for the pair's promotion - breakout of the session low Chf0. 9135 and probable decline of the pair to Chf0. 9075-95 (September 18-21 lows, MA (200) H1).
An alternative scenario - breakout of Chf0. 9170 (September 21 high, session high), and the pair's likely growth to Chf0.9200 (September 8 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
