USD/CHF Faces Resistance at Level 0.9300, May Resume Uptrend

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Key Resistance Levels: 0.9400, 0.9500, 0.9600
Key Support Levels: 0.9100, 0.9000, 0.8900

USD/CHF Price Long-term Trend: Bullish
The pair is presently in an upward move. The pair is falling after rejection from the recent high. On March 9, a retraced candle body tested the 78.6% Fibonacci level. This retracement indicates that the market will rise to level 1.272 Fibonacci extension and reverse. That is the high of level 0.9498.

USD/CHF – Daily Chart

Daily Chart Indicators Reading:
The pair has fallen to level 63 of the Relative Strength Index period 14. It implies that the price is in the uptrend zone. The price has room to rally on the upside. The 50-day SMA and 21-day SMA are sloping upward indicating an uptrend.

USD/CHF Medium-term Trend: Bearish
On the 4-hour chart, the pair is in a downward move. On March 9 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the price will fall to level 1.272 Fibonacci extensions or the low of level 0.9242. The current downtrend has reached bearish exhaustion.

USD/CHF – 4 Hour Chart

4-hour Chart Indicators Reading
The 50-day and 21-day SMAs are sloping upward indicating the uptrend. The price is below the 40% range of the daily stochastic. It indicates that the market is in a bearish momentum. The pair is likely to resume upward.

General Outlook for USD/CHF
USD/CHF is presently fluctuating below level 0.9300 to break above it. The uptrend will resume if price breaks above the current resistance. According to the Fibonacci tool, the market will rise to level 1.272 or 0.9498.

You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade 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

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *