Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
USDCHF Price Analysis – August 30
In early European trading hours on Tuesday, the US dollar fell against the Swiss franc. The pair retraced back beneath the 0.9150 regions and recorded a low of 0.9130 at the time of this post. The US Dollar Index (DXY) rises in perfect sync with the benchmark 10-year rates, staying pressured under 93.00, limiting USDCHF growth.
Resistance Levels: 0.9375, 0.9275, 0.9175
Support Levels: 0.9101, 0.9050, 0.9000
USDCHF Long term Trend: Ranging
Since the USDCHF failed to clear the immediate upside obstacle near 0.9200, the trend currently favors the sellers, with pricing below the MA 5 and MA 13 and around 0.9130 becoming a difficult nut to crack for USDCHF bearish. While we maintain a neutral bias above this level, this continues to signal that support is likely to hold.
In a broader sense, the decline from the 0.9242 level is considered as the third phase of the pattern from the 0.9472 (high) level. There is still no definitive completion date. If the trend continues, the next target might be a projection of 138.2 percent from 0.9472 at 0.9018 levels to 0.9200 levels.
USDCHF Short term Trend: Ranging
The USDCHF has retreated from the 0.9200 level, taking out the confluence zone of 0.9150. Intraday bias is moved back to the downside for a 0.9101 low-level re-test. There’s a good chance that the firm break will start a larger downward trend there. A breach of the 0.9175 minor resistance level on the upside is necessary to imply the achievement of the decline from the level of 0.9242.
Nevertheless in the case of a recovery, however, the trend may currently remain somewhat bearish. Even so, a big change of 0.9150 support turned resistance level could be an early indication of trend reversal and moving focus back to 0.9200 major barriers for validation. Continuous trading below the moving average, around 0.9130, points USDCHF in the direction of a downward line, around 0.9101.
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Min Deposit
- 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
- The Lowest Trading Costs
- 50% Welcome Bonus
- Award-winning 24 Hour Support
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus