- Analytics
- Market analysis
- Technical Analysis
- USD/CHF downtrend persists
USD/CHF downtrend persists
On the hourly chart, the USD/CHF pair maintains a pronounced downward trend, as evidenced by the movement below the MA (200) H1 moving average, which is steadily directed downwards and passes around the 0.8020 mark. After a long decline, the price found support near the level of 0.7870, from which there was a recovery, but growth attempts are limited to the resistance zone of 0.7945. The MACD indicator shows signs of a weak recovery: the histogram hovers near the zero line with small green bars, which indicates the absence of a strong momentum in both directions. The overall technical picture remains bearish, and sellers remain dominant as long as the quotes are below the moving average and the 0.7945 level. In case of a breakdown of the 0.7870 support, the downward movement may continue.
Resistance levels are: 0.7945, 0.8020, 0.8080
Support levels are: 0.7870, 0.7825, 0.7715
The main scenario for the pair's advance suggests a breakout of the support 0.7870 (July 1 low) and a possible decline to 0.7825 (Sep 5’ 2011 low)
An alternative scenario implies a breakout of the resistance 0.7945 (July 1 high) and there may be an increase to 0.8020 (June 27 high)
© 2000-2025. 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
