USDCHF Price: Bulls Oppose Bears at $0.921

Updated:

USDCHF Price Analysis – February 25

When the Bulls’ momentum increase, USDCHF price may break up the resistance level at $0.927, then, 0.931 levels may be reached and it may incline to $0.935 level. Should the bears break down the support level of $0.922, then, $0.917 and $0.909 level may be tested.

USDCHF Market

Key Levels:

Resistance levels: $0.927 $0.931, $0.935

Support levels: $0.922, $0.917, $0.909

USDCHF Long-term trend: Bullish

USDCHF is bullish on the long-term outlook. The currency pair was bearish last week. The bears pushed down the price towards the support level of $0.90. The mark is not yet reached before the bulls interrupted the bearish movement with the formation of strong bullish engulfing candle. The former resistance level of $0.922 is already penetrated upside and the price is trying to break up $0.926 level.

 

USDCHF is trading above the two EMAs. The 9 periods EMA is bending towards the 21 periods EMA which indicate that bulls are dominating the market. The Relative Strength Index period 14 is at 55 levels pointing upside to indicate buy signal. When the Bulls’ momentum increase, USDCHF price may break up the resistance level at $0.927, then, 0.931 levels may be reached and it may incline to $0.935 level. Should the bears break down the support level of $0.922, then, $0.917 and $0.909 level may be tested.

USDCHF Medium-term Trend: Bullish

USDCHF is bullish in the medium-term outlook. The currency pair was declining towards the support level of $0.909 last week. The bearish momentum failed and could not push the price beyond the $0.92 zone. Bulls gathered more pressure and the price changed the direction towards the resistance level of $0.926. The price may continue a bullish trend when the just mentioned level is broken upside.

The 9 period EMA is above the 21 periods EMA, USDCHF is trading above the two EMA. Meanwhile, the Relative Strength Index period 14 is at 64 levels with signal line pointing up to indicate a buy signal.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
8.5
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 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.