USDCHF Price Analysis – December 24
The USDCHF pair recorded a small daily gain on Monday and entered the consolidation phase on Tuesday, as the markets seem to be already in a festive mood. At the time of writing, the pair remained unchanged at 0.9817 level.
Key Levels
Resistance Levels: 1.0231, 1.0027, 0.9876
Support Levels: 0.9770, 0.9659, 0.9541
USDCHF Long term Trend: Ranging
In the long run, the long-term trend remains neutral, while the USDCHF is trending in the range of 0.9659 / 1.0231. In any case, a decisive breakthrough of the level at 1.0231 is necessary to indicate the resumption of an uptrend.
Otherwise, trading with a large range may be registered with the risk of another fall. Meanwhile, a break of the support level of 0.9695 may try to break through the support level of 0.9541.
USDCHF Short term Trend: Bearish
USDCHF remains in the range of the level at 0.9770 and its intraday bias remains neutral. An even greater fall is expected as long as the resistance level of 0.9876 holds.
On the other hand, below the level of 0.9770, a fall from level 1.0027 may again be activated and approach the minimum level of 0.9659. Although a breakthrough of the level at 0.9876 can change the bias back to the side of increasing the resistance level at 1.0027.
Instrument: USDCHF
Order: Sell
Entry price: 0.9833
Stop: 0.9876
Target: 0.9695
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
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.