USDCHF Extend Recovery Moves Towards 0.8900 As Risk-Off Bolsters USD Strength
Login

USDCHF Extend Recovery Moves Towards 0.8900 As Risk-Off Bolsters USD Strength

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

USDCHF Price Analysis – January 26

USDCHF has been stabilizing beyond mid 0.8800 extending its recovery moves towards 0.8900 level during the European session on Tuesday. Amid the unstable market sentiment, the risk-off mood bolsters the US dollar strength and the quote’s upside advance.

Key Levels
Resistance Levels: 0.9187, 0.9093, 0.8998
Support Levels: 0.8858, 0.8746, 0.8639
USDCHF Long term Trend: Ranging
From a technical perspective, during the prior day, the USDCHF pair broke through an important horizontal key level at 0.8858 higher. That said, ranging conditions might help propel the advance, at least for the time being towards the 0.8900 level. The pair may extend its rebound towards the vicinity of the 0.8998 level.

On the other hand, the ongoing downward trajectory may continue if the USDCHF returns beneath the 0.8858 level with eyes towards the lower horizontal support level at 0.8839. Meanwhile, any attempted recovery back beneath the moving average 13 breakpoints at the 0.8875 level might be seen as a selling opportunity.
USDCHF Short term Trend: Ranging
The intraday sentiment of USDCHF stays in a range at the moment. A further advance is moderate towards the resistance. On the other hand, beyond the 0.8900 marks, the test at the 0.8920 near term high may be registered. A solid breakout from here could resume a larger uptrend.

On the other hand, a breakout of the 0.8998 resistance level should be the first sign of a bullish reversal. Otherwise, its trend may stay bearish in the event of a stronger pullback. Although there is still a long term downtrend, short and medium-term trends are consolidating.

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

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News