|

USD/CHF Technical Analysis: Greenback bulls en route to the parity level against CHF

USD/CHF daily chart

  • USD/CHF is trading in a sideways trend below the 50-day simple moving average (SMA).

USD/CHF 4-hour chart

  • USD/CHF is trading above the 50, 100 and 200 SMAs suggesting bullish momentum.

USD/CHF 30-minute chart

  • USD/CHF is trading above its main SMAs suggesting that the market has room to move up to the parity level (1.0000). 
  • To the downside, support is seen near the 0.9950 and 0.9980 levels.

Additional key levels  

USD/CHF

Overview:
    Today Last Price: 0.9974
    Today Daily change: 0.0017 pips
    Today Daily change %: 0.17%
    Today Daily Open: 0.9957
Trends:
    Daily SMA20: 0.9861
    Daily SMA50: 0.9924
    Daily SMA100: 0.9888
    Daily SMA200: 0.9896
Levels:
    Previous Daily High: 0.996
    Previous Daily Low: 0.9931
    Previous Weekly High: 0.996
    Previous Weekly Low: 0.9799
    Previous Monthly High: 1.0009
    Previous Monthly Low: 0.979
    Daily Fibonacci 38.2%: 0.9949
    Daily Fibonacci 61.8%: 0.9942
    Daily Pivot Point S1: 0.9939
    Daily Pivot Point S2: 0.992
    Daily Pivot Point S3: 0.991
    Daily Pivot Point R1: 0.9968
    Daily Pivot Point R2: 0.9978
    Daily Pivot Point R3: 0.9997

Author

Flavio Tosti

Flavio Tosti

Independent Analyst

 

More from Flavio Tosti
Share:

Editor's Picks

EUR/USD extends slide toward 1.1800 on renewed USD strength

EUR/USD extends its daily slide and trades at a fresh weekly low below 1.1850 in the second half of the day on Tuesday. Renewed US Dollar strength, combined with a softer risk tone keep the pair undermined alongside downbeat German ZEW sentiment readings for February. 

GBP/USD falls below 1.3550, pressured by weak UK jobs report

GBP/USD remains under heavy bearish pressure and falls toward 1.3500 on Tuesday. The UK employment data highlighted worsening labor market conditions, bolstering bets for a BoE interest rate cut next month and making it difficult for Pound Sterling to stay resilient against its peers.

Gold recovers modestly, stays deep in red below $4,950

Gold (XAU/USD) stages a rebound but remains deep in negative territory below $4,950 after touching its weakest level in over a week near $4,850 earlier in the day. Renewed US Dollar strength makes it difficult for XAU/USD to gather recovery momentum despite the risk-averse market atmosphere.

Crypto Today: Bitcoin, Ethereum, XRP upside looks limited amid deteriorating retail demand

The cryptocurrency market extends weakness with major coins including Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trading in sideways price action at the time of writing on Tuesday.

UK jobs market weakens, bolstering rate cut hopes

In the UK, the latest jobs report made for difficult reading. Nonetheless, this represents yet another reminder for the Bank of England that they need to act swiftly given the collapse in inflation expected over the coming months. 

Ripple slides to $1.45 as downside risks surge

Ripple edges lower at the time of writing on Tuesday, from the daily open of $1.48, as headwinds persist across the crypto market. A short-term support is emerging at $1.45, but a buildup of bearish positions could further weaken the derivatives market and prolong the correction.