News

USD/CHF Technical Analysis: Freefall towards 0.9900 figure

USD/CHF 4-hour chart

  • USD/CHF is trading in a bear leg below the 200-period simple moving average on the 4-hour chart. 
  • Technical indicators are oversold but as the market is steeply down it is likely that USD/CHF will spike at least to 0.9900 figure. 
  • The 0.9950 becomes the level to beat for bulls. 

 

Additional key levels at a glance:

USD/CHF

Overview:
    Last Price: 0.9927
    Daily change: -71 pips
    Daily change: -0.710%
    Daily Open: 0.9998
Trends:
    Daily SMA20: 1.0028
    Daily SMA50: 0.9888
    Daily SMA100: 0.9889
    Daily SMA200: 0.9794
Levels:
    Daily High: 1.0088
    Daily Low: 0.999
    Weekly High: 1.013
    Weekly Low: 0.999
    Monthly High: 1.0096
    Monthly Low: 0.9801
    Daily Fibonacci 38.2%: 1.0028
    Daily Fibonacci 61.8%: 1.0051
    Daily Pivot Point S1: 0.9963
    Daily Pivot Point S2: 0.9928
    Daily Pivot Point S3: 0.9865
    Daily Pivot Point R1: 1.0061
    Daily Pivot Point R2: 1.0124
    Daily Pivot Point R3: 1.0159

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.