Sellers may dominate USDCHF market soon
USDCHF Price Analysis – 19 April
USDCHF may overcome the $0.93 resistance level and get closer to the $0.94 barrier levels if the buying momentum can remain above the $0.92 resistance level. Sellers may be able to push the price past $0.91 and into the $0.90 and $0.89 areas if they apply sufficient pressure.
USDCHF Market
Key Levels:
Resistance levels: $0.91, $0.92, $0.93
Support levels: $0.90, $0.89, $0.88
USDCHF Long-term trend: Bullish
The daily chart of USDCHF is climbing. Sellers profited from a negative trend on the USDCHF market, but not by nearly as much as $0.84. The USDCHF market has been dominated by buyers since January 3. The price of the currency pair got close to the $0.89 resistance level on January 23. Near the previously mentioned level, a bullish engulfing candle pattern emerged, and the price rose to $0.90, suggesting a significant increase. After testing the $0.90 resistance level, it withdrew. It is currently going swiftly above $0.91 and toward $0.92, indicating a strong buy signal.
Compared to the Hull Suite, the exchange rate between USD and CHF is higher now, indicating a stronger propensity to buy. Rising prices are indicated by the forex signals QQE MOD, which is rising over the zero line. If the purchasing momentum can sustain above the $0.91 resistance level, the price can break over the $0.92 resistance level and approach the $0.93 barrier level. If sellers exert enough pressure, they might be able to drive the price past $0.90 and into the $0.89 and $0.88 regions.
USDCHF Medium-term Trend: Bullish
In the medium run, USDCHF is bullish. On December 29, the currency pair began to rally as a double-bottom chart pattern appeared close to the $0.83 support level. On January 2, the price went up before stabilizing at $0.86. It has no issue at all rising beyond $0.86. Positively, it seems that the price is presently pulling back and approaching the $0.90 support level.
The currency pair’s trading above the Hull Suite signal indicates a bullish market. Selling is suggested if the QQE MOD is lower than zero.
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
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.