USD/CHF Price Analysis: Bulls keep eyes on 0.9300
12.10.2021, 01:06

USD/CHF Price Analysis: Bulls keep eyes on 0.9300

  • USD/CHF continues to consolidate gains on Tuesday in the Asian session.
  • Additional gains for pair if price decisively breaks 0.9300.
  • MACD holds onto the overbought zone with receding upside momentum.

USD/CHF trades cautiously on Tuesday in the initial Asian trading hours. The pair confides in a narrow trade band of less than 10-pips movement.  At the time of writing, USD/CHF is trading at 0.9277, down 0.01% for the day.

USD/CHF daily chart

On the daily chart, after testing the five-month high near 0.9368, the USD/CHF pair failed to preserve the momentum and touched the intraday low of 0.9230 in the previous week. Now, the pair is hovering in a limiting trading range. The sluggish price movement in today’s session suggests indecisiveness among traders. Furthermore, the price trades above the 21-day Simple Moving Average (SMA) at 0.9270. 

Having said that, If the price sustains the intraday high, it could immediately test the psychological 0.9300 mark. The Moving Average Convergence Divergence (MACD) trades in the overbought zone. Any uptick in the MACD would encourage the USD/CHF bulls to take over the high made on October 1 at 0.9337. Furthermore, the spot would likely testify to the 0.9360 horizontal resistance level.

Alternatively, a break beneath the 21-day SMA could reverse the trade direction with the previous day’s low at 0.9250 as the first downside target. A daily close below the ascending trendline from the lows of 0.9018 made on August,4 would open the gates for the 0.9235 horizontal support level followed by the September 16 low of 0.9193.

USD/CHF additional levels

 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

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.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik