- Analytics
- Market analysis
- Technical Analysis
- The USD/CHF pair failed to break through the resistance of MA (200) H1
The USD/CHF pair failed to break through the resistance of MA (200) H1
Today, by the beginning of the European session, the USD/CHF pair rose from Chf0. 9145 to Chf0.9185, but it failed to break through the MA (200) H1 moving average line (Chf0.9185). During European trading, the pair fell to Chf0. 9160 and is testing MA (200) H4 (Chf0.9160) on the four-hour chart. Technically speaking, the support level of Chf0. 9145 can keep prices from further decline. The upper limit of Chf0. 9185 represents the resistance level. The most probable range of the pair's movement for today can be hidden within the range of Chf0. 9145-85.
⦁ Resistance levels are: Chf0.9185, Chf0.9220-30, Chf0.9265-75
⦁ Support levels are: Chf0.9145, Chf0.9115, Chf0.9075
The main scenario for the pair's promotion - if the session maximum of MA (200) H1 (Chf0. 9185) is broken, the pair may rise to Chf0.9220-30 (July 20-21 and 23 highs)
An alternative scenario - breakout of the session minimum of Chf0. 9145 and there may be a decline in the pair to Chf0. 9115 (July 15 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
