Monday , December 23 2024
Home / SNB & CHF / USD/CHF Technical Analysis: 0.9890/95 to challenge buyers

USD/CHF Technical Analysis: 0.9890/95 to challenge buyers

Summary:
USD/CHF takes the bids near 38.2% Fibonacci retracement of April-August downpour. 200-day EMA, four-month-old falling trend-line acts as key upside resistance. Despite breaking 50-day exponential moving average (EMA), USD/CHF remains below key resistance confluence as it takes rounds to 0.9880 during Friday’s Asian session. The pair needs to provide a daily closing beyond 0.9890/95 region including 100-day EMA and four-month-old descending trend-line in order justify its strength. In doing so monthly high surrounding 0.9975, 1.0000 round-figure and 61.8% Fibonacci retracement level of 1.0020 will flash on USD/CHF bulls’ radars. On the contrary, a pullback below 50-day EMA level of 0.9844 can fetch prices to 0.9800 mark comprising 23.6% Fibonacci retracement.

Topics:
Anil Panchal considers the following as important: , , ,

This could be interesting, too:

Nachrichten Ticker - www.finanzen.ch writes Krypto-Ausblick 2025: Stehen Bitcoin, Ethereum & Co. vor einem Boom oder Einbruch?

Connor O'Keeffe writes The Establishment’s “Principles” Are Fake

Per Bylund writes Bitcoiners’ Guide to Austrian Economics

Ron Paul writes What Are We Doing in Syria?

  • USD/CHF takes the bids near 38.2% Fibonacci retracement of April-August downpour.
  • 200-day EMA, four-month-old falling trend-line acts as key upside resistance.

Despite breaking 50-day exponential moving average (EMA), USD/CHF remains below key resistance confluence as it takes rounds to 0.9880 during Friday’s Asian session.

The pair needs to provide a daily closing beyond 0.9890/95 region including 100-day EMA and four-month-old descending trend-line in order justify its strength.

In doing so monthly high surrounding 0.9975, 1.0000 round-figure and 61.8% Fibonacci retracement level of 1.0020 will flash on USD/CHF bulls’ radars.

On the contrary, a pullback below 50-day EMA level of 0.9844 can fetch prices to 0.9800 mark comprising 23.6% Fibonacci retracement.

However, an upward sloping trend-line since August 13, at 0.9740, could question further declines.

USD/CHF Daily Chart, April - August 2019

(see more posts on USD/CHF, )
USD/CHF Technical Analysis: 0.9890/95 to challenge buyers

- Click to enlarge

Trend: pullback expected


Tags: ,

Leave a Reply

Your email address will not be published.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