country flagالعربية

USD/CHF Daily Technical Analysis | 24 January 2018

2018-01-23 11:32 pm | Resource: Technical Analysis | No Views : 175

Time frame Used - four hours
The USD / CHF is moving in a sideway in the near-term

The purchasing power managed to control the movement of the USD / CHF to bounce upward in corrective movement up to the level of 0.9668 to face resistance and selling pressure pushed it down again to reach the important support level 0.9572 trying to hold above this level and then start the rebound again to the top where still facing resistance Around 0.9668
 And looking at the technical indicators
The RSI indicates that it still faces the resistance of the rising trend line
The Stochastic indicator indicates that the index is starting to recover again
 Accordingly, we expect the USD / CHF to test 0.9668 level again
 The alternative scenario is to break the 0.9572 level to drop to 0.9500
Resistance: 0.9641 - 0.9668 - 0.9700
Support: 0.9572 - 0.9528 - 0.9490
Direction: sideway

Technical Analysis

Forex Analysis

Other news

Dollar gained and Euro weakened as Pound mixed during Monday

The dollar rose and the euro weakened as the pound traded mixed in European trade as traders awaited the new Brexit and trade war after US Commerce Secretary Wilbur Ross said on Monday that a "correct" trade deal with China was more important than signing in November. Ross: China's deal should be right, not quick The comments come after President Donald Trump said the "first phase" deal should be "easy…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.