USDCHF Price May Retest Previous High at $0.92 Resistance Level

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Buyers Holds unto USDCHF market

USDCHF Price Analysis – 26 April

Bullish has the potential to breach the $0.91 resistance level and get closer to the $0.93 barrier levels if the buying momentum can continue above the $0.92 resistance level. Sellers may be able to push USDCHF past $0.90 and into the $0.89 and $0.88 range 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 USDCHF daily chart is rising. A downward trend on the USDCHF market benefited sellers, though not by nearly as much as $0.84. Since January 3, buyers have dominated the USDCHF market. On January 23, the currency pair’s price approached the $0.89 resistance level. A bullish engulfing candle pattern appeared near the level that was previously mentioned, and the price increased to $0.90, indicating a considerable increase. It pulled back after testing the $0.90 resistance level. Right now, it’s moving quickly into the $0.91 zone.

USDCHF Price May Retest Previous High at $0.92 Resistance Level

The currency rate between USD and CHF is greater currently than it was during the Hull Suite, suggesting a stronger inclination to buy. The forex signal QQE MOD, which is rising over the zero line, indicates rising prices. The price has the potential to breach the $0.91 resistance level and get closer to the $0.93 barrier levels if the buying momentum can continue above the $0.92 resistance level. Sellers may be able to push the price past $0.90 and into the $0.89 and $0.88 range if they apply sufficient pressure.

USDCHF Medium-term Trend: Bullish

USDCHF is bullish in the medium term. The currency pair started to rise on December 29 when a double bottom chart pattern emerged near the $0.83 support level. The price increased on January 2 and then leveled off at $0.86. It has absolutely no trouble increasing above $0.86. On the plus side, it appears that the price is currently retracing and getting closer to the $0.90 support level.

USDCHF Price May Retest Previous High at $0.92 Resistance Level

A bullish market is indicated by the currency pair’s trading above the Hull Suite signal. In the event that the QQE MOD is less than zero, selling is advised.

You can purchase Lucky Block here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 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.

Leave a Reply

Your email address will not be published. Required fields are marked *