Bullish momentum is increasing in USDCHF market
USDCHF Price Analysis – 19 January
USDCHF may move beyond the $0.88 resistance level and get close to the $0.89 barrier levels if the buying momentum can hold above the $0.86 resistance level. Sellers may be able to push the price past $0.85 and into the $0.84 and $0.83 regions if they exert sufficient pressure.
USDCHF Market
Key Levels:
Resistance levels: $0.86, $0.88, $0.89
Support levels: $0.85, $0.84, $0.83
USDCHF Long-term trend: Bullish
The USDCHF daily chart is trending upward. The market for USDCHF was declining, and sellers held the upper hand. Though not nearly as much as $0.89. Since October 24, sellers have been in charge of the USDCHF market. On December 28, the currency pair’s price fell as low as the $0.82 support level. A bullish engulfing candle pattern first appeared near the $0.82 support level, indicating the start of an uptrend. In the end, the price settled at $0.85. It is currently pressing hard on $0.86 level.
.83 Support Level" width="580" height="262" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/01/Daily-47-1024x462.png"/>
The fact that USD/CHF exchange rate is currently above the Hull Suite indicator suggests that buyers’ momentum is increasing. The QQE MOD indicator is increasing above the zero line, a sign of rising prices. Price may move beyond the $0.88 resistance level and get close to the $0.89 barrier levels if the buying momentum can hold above the $0.86 resistance level. Sellers may be able to push the price past $0.85 and into the $0.84 and $0.83 regions if they exert sufficient pressure.
USDCHF Medium-term Trend: Bullish
The medium-term trends indicate that the USDCHF is rising. The currency pair started to rise on December 29 when a double bottom chart pattern emerged near the $0.85 resistance level. The price increased on January 2 and then leveled off at $0.85. It is struggling to break up $0.86 level.
.83 Support Level" width="580" height="262" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/01/4-hours-72-1024x462.png"/>
USDCHF is trading above the Hull Suite signal indicates a bullish market. Purchasing is suggested when the QQE MOD exceeds the zero threshold.
You can purchase Lucky Block here. Buy LBLOCK
[xyz-ihs snippet="Markets"]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.
