country flagالعربية

USD/CHF Daily Technical Analysis | 29 January 2018

2018-01-28 11:14 pm | Resource: Technical Analysis | No Views : 215

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

The selling force was able to control the USD / CHF move to break the important support level of 0.9418 to reach the support level 0.9288, trying to consolidate around this level
  And looking at the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
  Accordingly, we expect the USD / CHF to hit 0.9426 - 0.9535 again
  The alternative scenario is to break the 0.9336 level to drop to 0.9258
Resistance: 0.9418- 0.9535 - 0.9638
Support: 0.9336 - 0.9258 - 0.9150
Direction: Down

Technical Analysis

Forex Analysis

Other news

Euro fell as pound rose while dollar was mixed during Tuesday's

The euro fell as the pound rose, while the dollar was mixed against the major currencies as trade negotiations continued and traders followed up with comments from the Chinese and US sides. The Federal Reserve Bank of New York is making a $ 67.6 billion purchase The Federal Reserve Bank of New York on Tuesday announced a $ 67.6 billion bid for the latest overnight repurchase. The bank's previous operation…

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.