Breaking Downwards, USDCHF Records Fresh Low Session

USDCHF Price Analysis – November 12

USDCHF is posting fresh session lows in today’s trading as sellers took control of the market while breaking downwards past the moving average 5 heading towards moving average 13. As it is, in the event of a further break downwards and the price momentum continues, it will open the market for CHF bids.

Key Levels

Resistance Levels: 1.0231, 1.0126, 1.0027

Support Levels: 0.9911, 0.9851, 0.9659

USDCHF Long term Trend: Bullish

Technically for the current session, the USDCHF plunged back under both resistance horizontal levels on the level at 0.9964 and 0.9929 respectively. However, in the medium term, the USDCHF outlook stays neutral as it remains within a range of the level at 0.9659/1.0231.

Meanwhile, the decisive break of the level at 1.0231 is required to display the resumption of an uptrend. Nevertheless, more consolidation and ranging may be recorded with the risk of another plunge. The FX pair’s trend is short-term downtrend, although likely a correction, as the long-term trends remain bullish.

USDCHF Short term Trend: Ranging

On the 4-hour time frame, it’s intraday bias stays neutral initially. A likely advance is expected as long as the level at 0.9911 minor support is intact. The ranging from the level at 1.0126 may have completed on the level at 0.9851 as at present.

Past the level at 0.9978 may target the resistance on the level at 1.0027 high. A break from there may re-activate the rally from the level at 0.9659. Below a break of the level at 0.9911 will turn bias back to the downside for a retest of the level at 0.9851.

Instrument: USDCHF
Order: Sell
Entry price: 0.9929
Stop: 0.9978
Target: 0.9851

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

Bullish Momentum Resumes on the USDCHF as Support Holds Its Price Firm

USDCHF Price Analysis – November 5

USDCHF is beginning to flash fresh positive trends and has kicked off the resumption of its recent rally over the next few days if the present support levels hold. The rebound took the price from a low of the level at 0.9851 to the intraday high on the level at 0.9910.

Key Levels

Resistance Levels: 1.0231, 1.0027, 0.9970

Support Levels: 0.9841, 0.9714, 0.9659

USDCHF Long term Trend: Bearish

The daily chart shows that the pair has broken through the near term resistance on the horizontal lines on the level at 0.9894 and 0.9908 respectively. Its medium-term trend stays neutral as the USDCHF pair is trending in the range of the level at 0.9659 and 1.0231.

However, a decisive break of the level at 1.0231 is required to indicate further upward resumption. Otherwise, the ranging trend may likely be seen with the risk of another fall. Meanwhile, the break of the level at 0.9695 support may target the level at 0.9541 support on the other hand.

USDCHF Short term Trend: Ranging

On the 4-hour time frame, the intraday bias in USDCHF stays neutral with its attention on the level at 0.9841 support. Although the FX pair is in a long-term downtrend, the short-term outlook is changing to bullish already.

While selling pressure may increase if its price trend past the nearby swing low on the level at 0.9851 where more sell stops may get activated. On its flipside, above the level at 0.9970 may usher in the retest of the level at 1.0027 resistance instead.

Instrument: USDCHF
Order: Sell
Entry price: 0.9944
Stop: 0.9970
Target: 0.9841

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

USDCHF Loses Steam for the Upward Advance After Hitting the Level at 0.9970

USDCHF Price Analysis – October 29

The USDCHF pair in the prior session advanced to fresh session highs, around the level at 0.9970 zone but retreated again, however earlier today with buyers making a fresh attempt to build on the prior momentum had moved further but stalled on the level at 0.9963 to retreat again for the downside crossing the horizontal zone on the level at 0.9944.

Key Levels

Resistance Levels: 1.0231, 1.0126, 1.0027

Support Levels: 0.9905, 0.9843, 0.9659

USDCHF Long term Trend: Bullish

As seen on the daily, the FX pair is losing steam for the upward advance. However with the level at 0.9905 minor support intact, then a further advance to the upside is still expected to the level at 1.0027 resistance initially.

While the firm breaks outside of the zone there may reactivate the resumption of the whole rally from the level at 0.9659. As it is presently, the FX pair is in a short-term downtrend, this is likely a correction, as both the short and long-term outlook remains bullish.

USDCHF Short term Trend: Ranging

On the flip side of the 4-hour time frame, the USDCHF had traded about 17 pips higher after the open, the FX pair was unable to hold on to its earlier gains in the European session while the bears took control and may end the day below its opening price.

Meanwhile, on the downside, a break of the level at 0.9905 minor support may change the bias back to the downside for the retest of the level at 0.9843 support instead. Otherwise, the short term trend may remain neutral at first.

Instrument: USDCHF
Order: Buy
Entry price: 0.9914
Stop: 0.9892
Target: 1.0027

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

USDCHF Is Staying Beneath the Level at 0.9900 but Found Buyers at Key Support Zone

USDCHF Price Analysis – October 22

In the prior session, the USDCHF currency pair attempted to breach the short-term horizontal zone on the level at 0.9843. During today’s morning, the pair is testing the upper horizontal level formed above the MA 5 and 13 on the level at 0.9892.

Key Levels

Resistance Levels: 1.0126, 1.0027, 0.9905

Support Levels: 0.9843, 0.9798, 0.9659

USDCHF Long term Trend: Bearish

As displayed on the daily, If the given minor support level holds, the currency pair may likely attempt to exceed the psychological level at 0.9892 resistance. However, on the other hand, the US Dollar could consolidate against the Swissy in the nearest future.

Meanwhile, take note that the exchange rate is pressured by the moving average 5 and therefore, if the given support level does not hold, some downside potential may prevail following its longterm downtrend.

USDCHF Short term Trend: Ranging

Since the prior session, on the flip side of the 4-hour time frame, no change in USDCHF’s outlook. As it’s intraday bias remains on the upside zone in the near term with a focus on 0.9905 resistance.

However, this trend to the upside may be limited to the psychological level at 0.9892 resistance and a deeper fall may be seen to the level at 0.9843 support and below. On the upside, above the level at 0.9905 minor resistance will turn the focus back to the level at 1.0027 instead.

Instrument: USDCHF
Order: Sell
Entry price: 0.9905
Stop: 0.9944
Target: 0.9843

Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results