USD/CHF is expected to trade with a bullish outlook. The pair posted a rebound and broke above its 20-period and 50-period moving averages. The relative strength index is supported by a bullish trend line since 24 July and shows upside momentum. To sum up, as long as 0.9440 holds on the downside,...
The price has bounced up perfectly from our buying area and is fast approaching our profit target. We continue to buy above 0.9474 support (resistance-turned-support level) for a further push up to 0.9523 resistance (Fibonacci retracement, horizontal overlap resistance).Stochastic (55,5,3) is...
Overview:
The USD/CHF pair continues moving downwards from the level of 0.9525. Today, the first resistance level is currently seen at 0.9525, the price is moving in a bearish channel now. According to the previous events, we expect the USD/CHF pair to trade between 0.9525 and 0.9400. So, the...
Our target which we predicted in our previous article has been hit. The pair is trading below its declining 20-period and 50-period moving averages, which play resistance roles and maintain the downside bias. The relative strength index is bearish and calls for another drop. Hence, as long as...
The price has dropped further and is now testing major support at 0.9440 (Fibonacci extension, the lowest point in past 2 years) and we expect to see a bounce above this level to at least 0.9491 resistance (Fibonacci retracement, horizontal pullback resistance).Stochastic (34,5,3) is bouncing...
USD/CHF is under pressure, and we will keep our yesterday's scenario to hold short position. The pair is holding on the downside. The 20-period moving average crossed below the 50-period one, which indicated the bearish signal. The relative strength index is bearish and is calling for a further...
Overview: The USD/CHF pair.
Pivot: 0.9590.
The swissy fell from the level of 0.9665 to bottom at 0.9523. The USD/CHF pair has faced strong support at the level of 0.9523 (the double bottom). Current price is around the spot of 0.9520.
So, the strong support has been already faced at the level...
The price has shot up and reached our profit target before dropping strongly to another strong support level. We prepare to buy above 0.9500 support (big figure, Fibonacci extension, Elliott wave theory) for a push up to at least 0.9570 resistance (Fibonacci retracement).Stochastic (34,5,3) is...
Our downside target at 0.9510 which we predicted in the previous analysis has been hit. The pair is under pressure below the key resistance at 0.9565. Both declining 20-period and 50-period moving averages play resistance roles. The relative strength index is capped by a bearish trend line. To sum...
The price has reached our buying area and bounced off it perfectly. We remain bullish looking to buy above strong support at 0.9527 (Fibonacci extension, bullish price action, channel exit potential) for a push up to at least 0.9593 resistance (Fibonacci retracement, horizontal pullback...
