USDCHF@ 0.9908 - daily neutral – Expects range-bound near term

FX:USDCHF   U.S. Dollar / Swiss Franc
21 0 0
USDCHF@ 0.9908 - daily neutral – Expects range-bound near term

USDCHF             pulled back 61.8% of the October/November 0.9475/1.0328 rise to reach 0.9786 (December 14, 2015 low) before consolidating. Near term the pair is expected to prolong the range-bound action under the 1.0076 resistance area (near the 20 day moving average).
Below 0.9786 lies the key support cluster including the .9675 level (76.4% of the 0.9475/1.0328 rise), the 200 day moving average currently at 0.9648 and the former triangle resistance (now support, as shown on the daily chart ). The area should provide a strong foothold for the pair ahead of further upside.
However, a clean breakdown below the aforementioned support cluster would defer the upside and dampen the bullish momentum to weaken towards 0.9475 (October 15, 2015 reaction low) which is near the triangle support.

Intraday: bearish
Daily: neutral
Weekly: neutral
Monthly: bullish
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out