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USDCHF Forex Trading Analysis

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USDCHF Daily Forex Analysis

This post is all about today’s analysis of USDCHF. The USDCHF Forex Trading Analysis will help the traders to get the ideas of trading this pair.

USDCHF Short Bearish

The USDCHF pair bounced slightly during the course of the day Wednesday, using the 0.9733 level as support. At this point in time, the market is looking bearish. The primary trend of USDCHF is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are appears on the above image indicating downtrend of the pair. Resistance level 0.9775 Support level 0.9733 If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair. STRATEGY: USDCHF is looking bearish on charts.

USDCHF Forex Trading Analysis 1

USDCHF Bearish Cypher

Having posted a daily low at 0.9734, the USDCHF pair bounced-off session through level and jumped above 50-day SMA to 0.9765 level before retracing back to currently trade around 0.9750 level. The pair benefitted from a broad based recovery momentum around the greenback following its sharp slide on Wednesday, when the pair extended its reversal from weekly high level for second consecutive session.

USDCHF Forex Trading Analysis 2

USDCHF Forex Trading Analysis

After being slammed on Wednesday and a subsequent drop during early Asian session on Thursday, the USDCHF pair is attempting a rebound from 100-day SMA support and is currently trading around 0.9750. On Wednesday, prevalent weakness around the greenback dragged the pair sharply lower to extend its reversal from the 0.9840 weekly high level, touched on Tuesday. The pair subsequently dropped to weekly lows and tested the very important 100-day SMA support near 0.9735 on Thursday.

USDCHF Forex Trading Analysis

USDCHF Market Analysis

The USDCHF pair bounced slightly during the course of the day Wednesday, using the 0.9733 level as support. At this point in time, the market is looking bearish. The primary trend of USDCHF is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 0.9775 Support at the level of 0.9733. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair. INDICATORS:- MACD is sustaining in its negative territory indicating the bearish trend in the pair. RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair (USDCHF Forex Trading Analysis).

USDCHF Forex Trading Analysis 4

USDCHF spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish. RSI is in neutral territory at 58.26, up from its last hourly close at 44.11, while ADX is ranging above 30 at 18.74, down from 23.31 at the last hourly close.

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Andrew Pial

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