Low Bearish and Bullish momentum in USDCHF market
USDCHF Price Analysis – 13 January
Should buyers apply additional pressure and defend the $0.92 support level, USDCHF will break through the $0.93 level and go up toward the resistance levels of $0.94 and $0.95. In case the sellers exert more pressure the $0.92 support level may be breached on the downside, and the downward trend may continue to the $0.91 and $0.90 levels.
USDCHF Market
Key Levels:
Resistance levels: $0.93, $0.94, $0.95
Support levels: $0.92, $0.91, $0.90
USDCHF Long-term trend: Ranging
USDCHF is on a ranging movement on Long-term outlook. When the support level of $0.92 was tested a few weeks ago, the sellers’ momentum failed and the price could not go below the support level of $0.92. The purchasers tried to push the price above the resistance level of $0.93 but the sellers’ momentum was not enough. This scenario leads to ranging movement within the $0.93 and $0.92 levels. Ranging movement may continue until there is a breakout.
The 9-period EMA and the 21-period EMA are close to each other and USDCHF is trading over and around the two EMAs. A bullish market direction is indicated by the Relative Strength Index period 14 being at 47 levels and leaning upward. Should buyers apply additional pressure and defend the $0.92 support level, the price will break through the $0.93 level and go up toward the resistance levels of $0.94 and $0.95. In case the sellers exert more pressure the $0.92 support level may be breached on the downside, and the downward trend may continue to the $0.91 and $0.90 levels.
USDCHF Medium-term Trend: Ranging
The USDCHF is ranging in the medium-term outlook. When the price was driven by the sellers to the $0.92 support level, the bulls defend the mentioned level. It seems that the sellers’ momentum is weak and could not push through the $0.92 support level. The price is currently dangling within the $0.93 and $0.92 levels.
The 21-period EMA is locked to the 9-period EMA. The USDCHF is currently hovering over the two EMAs, indicating a ranging market. The signal line on the Relative Strength Index period 14 does not display the specific direction of the market.
You can purchase crypto coins 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.
