USDCHF Bearish Momentum Contains the Price for Further Ranging

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.

USDCHF Price Analysis – February 25

The USDCHF closed with small gains beneath 0.9800 level on the first day of the week and struggled Tuesday to climb past that point. During the decline of the Fx pair beneath the 0.9700 level, the start of the month around 0.9670 level and the bottom of the January month around 0.9613 level provided intermediate stops to 0.9600 level attempt.

Key Levels
Resistance Levels: 1.0231, 1.0027, 0.9845
Support Levels: 0.9743, 0.9613, 0.9541

USDCHF Long term Trend: Ranging

During the pre-European session on Tuesday, USDCHF registers fewer movements when trading at about 0.9790 level. The daily chart forms a bearish candlestick pattern but may contain further declines with ranging from RSI to 13 moving average.

In the long term, the trend stays neutral as USDCHF is moving in a sideway trading started from 1.0231 (high). A plunge from the level at 1.0231 is a leg within the trend and could aim 0.9541 (low) level. In case of another advance, the break of 1.0231 level is required to indicate uptrend resumption.

USDCHF Short term Trend: Bullish

USDCHF intraday bias remains neutral, as range trading remains beneath the temporary high of 0.9845 level. A continuous increase is favorable, while the support level of 0.9743 stays unchanged, with attention at the levels of 0.9845 on the recovery of the price from 1.0231 to 0.9613 levels.

On the other hand, a steady breakthrough of the 0.9851 level, which is part of the short-term bullish reversal scenario, may lead to a partial pullback at the next level of 0.9999. On the other hand, a break of 0.9743 may indicate a deviation of 0.9845 level and support short-term bearish dynamics.

Instrument: USDCHF
Order: Buy
Entry price: 0.9774
Stop: 0.9743
Target: 0.9845

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

  • 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 *