USD/CHF technical analysis: 0.9890/95 to challenge buyers


  • 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

Trend: pullback expected

Additional important levels

Overview
Today last price 0.988
Today Daily Change 14 pips
Today Daily Change % 0.14%
Today daily open 0.9866
 
Trends
Daily SMA20 0.9779
Daily SMA50 0.9825
Daily SMA100 0.9946
Daily SMA200 0.9953
Levels
Previous Daily High 0.9877
Previous Daily Low 0.98
Previous Weekly High 0.9879
Previous Weekly Low 0.9735
Previous Monthly High 0.9952
Previous Monthly Low 0.978
Daily Fibonacci 38.2% 0.9848
Daily Fibonacci 61.8% 0.9829
Daily Pivot Point S1 0.9818
Daily Pivot Point S2 0.977
Daily Pivot Point S3 0.9741
Daily Pivot Point R1 0.9895
Daily Pivot Point R2 0.9925
Daily Pivot Point R3 0.9973

 

 

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.

Feed news

FXStreet Trading Signals now available!

Access to real-time signals, community and guidance now!


Latest Forex News

Editors’ Picks

EUR/USD slips below 1.08 amid weak data, coronavirus headlines

EUR/USD is trading below 1.08 as eurozone Sentix Investor Confidence plunges to -42.9, around the 2008 crisis levels. Encouraging coronavirus headlines kept the euro bid earlier.

EUR/USD News

GBP/USD under pressure amid concerns about UK PM´s health

The GBP/USD pair is under pressure trading below the 1.2300 level as news that PM Boris Johnson has been hospitalized due to “persistent symptoms,” according to his spokesman. Rumors mounting Johnson is in worse shape than reported.

GBP/USD News

XRP leads cryptos on the verge of a new bullish trend

XRP/USD crosses the long-term bearish channel ceiling and signals the launch of a new uptrend in the crypto market. Ether should be the positive player in the coming weeks. Market sentiment remains very pessimistic despite the significant improvement in recent hours.

Read more

Gold: Bulls remain in control near 2-week tops, around $1640 region

Gold gained positive traction for the fourth consecutive session on Monday and climbed to near two-week tops, around the $1638 region during the mid-European session.

Gold News

WTI rebounds above mid-$27s as investors stay focused on OPEC headlines

Crude oil prices came under strong selling pressure after developments over the weekend revealed that the OPEC+ emergency meeting got postponed to Thursday to give more time to sides to negotiate.

Oil News

Forex MAJORS

Cryptocurrencies

Signatures