USDCHF Price Is Struggling to Break Up $0.935 Level

Updated:

USDCHF Price Analysis – April 08

When Bullish momentum increase, USDCHF price may break up the resistance level at $0.935, then, 0.939 levels may be reached and it may incline to $0.943 level. Should the bears defend the resistance level of $0.935, the price may decrease towards $0.932, $0.927 and $0.922 levels.

USDCHF Market

Key Levels:

Resistance levels: $0.935, $0.939, $0.943

Support levels: $0.932, $0.927, $0.922

USDCHF Long-term trend: Bullish

USDCHF is bullish on the long-term outlook. The currency pair could not continue the bearish movement when it tested the support level of $0.922. It changed direction with formation of strong bullish candles. The price increases and broke up the former resistance levels of $0.927 and $0.932. It is currently increasing towards and trying to break up the resistance level of $0.935.

Daily 15

USDCHF is trading above the two EMAs at a distance. The 9 periods EMA is crossing the 21 periods EMA upside. The Relative Strength Index period 14 is at 59 levels bending up to indicate bullish market direction. When Bullish momentum increase, USDCHF price may break up the resistance level at $0.935, then, 0.939 levels may be reached and it may incline to $0.943 level. Should the bears defend the resistance level of $0.935, the price may decrease towards $0.932, $0.927 and $0.922 levels.

 USDCHF Medium-term Trend: Bullish

USDCHF is bullish in the medium-term outlook. The price action formed a descending channel last week on the 4-hour chart. When the price reached support level of $0.927, the bears’ momentum failed. The bulls gained more pressure and broke up the upper trend line on the channel. The price is struggling to break up the resistance level of $0.935.

4 hours 8

The 9 period EMA remains above the 21 periods EMA as a sign of bullish market. USDCHF is trading above the two EMAs. Meanwhile, the Relative Strength Index period 14 is at 68 levels with signal line pointing up to indicate 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.