Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Buyers’ pressure increase in USDCHF market
USDCHF Price Analysis – 21 July
USDCHF may advance past the $0.86 resistance level and toward the $0.87 and $0.88 resistance levels if buyers s’ momentum is successful in holding the $0.85 support level. The $0.85 barrier level might be broken if sellers exert enough pressure, continuing the move into the $0.84 and $0.83 levels.
USDCHF Market
Key Levels:
Resistance levels: $0.86, $0.87, $0.88
Support levels: $0.85, $0.84, $0.83
USDCHF Long-term trend: Bullish
USDCHF is bullish on the daily chart. Over the past three weeks, sellers have dominated the USDCHF market. The previous support level of $0.87 was violated by the price. It moved for a few days in all directions. On July 7, a bearish engulfing candle formed, which led to a decline in price and a breach of the $0.86 support level. On July 13, when sellers applied more pressure, the price fell once more to $0.85. Bulls are currently trying to defend $0.84 level.
The USD/CHF price is currently trading slightly above the 9-period EMA indicating an increase in the buyers’ momentum. The Relative Strength Index period 14 at 35 levels indicates a bullish market. The price may advance past the $0.86 resistance level and toward the $0.87 and $0.88 resistance levels if buyers s’ momentum is successful in holding the $0.85 support level. The $0.85 barrier level might be broken if sellers exert enough pressure, continuing the move into the $0.84 and $0.83 levels.
USDCHF Medium-term Trend: Bullish
USDCHF is bullish in the medium-term outlook. Over the past two weeks, the currency pair has been ranging between $0.89 and $0.90. The support level of $0.89 was breached as the sellers’ push outweighed the buyers’. As the sellers gather momentum, the price declines approaching the $0.85 support level. The bulls are currently taking over the USDCHF market.
The upward crossover of the 9-period EMA and the 21-period EMA can be seen. The market has become bullish. The two exponential moving averages are currently below the USDCHF price, indicating a positive trend.
You can purchase Lucky Block here. Buy LBLOCK
- 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
