Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

USD/CHF Stalls at 0.77389 After 0.77541 Peak — Bulls Poised Above EMAs, Buy Dips to 0.7865

USDCHF has traded flat with neutral bias for the past two days. Having made an intraday high of 0.77541, it is currently trading at 0.77389.

Technical Analysis Points to Further Bullishness

The pair is trading above the 55-EMA, 200-EMA, and 365-EMA on the 1-hour chart, indicating a bullish trend. The immediate resistance is at  0.7760; any break above targets  0.7800/0.7865/0.7925/0.7965/0.8000.

Support Levels and Potential Declines

On the downside, near-term support is around 0.7700; any violation below will drag the pair to 0.7660/0.7628/0.7600/0.7540/0.7500.

Indicators (4-hour chart)

CCI (50) - Bullish

Directional Movement Index -  Neutral

Trading Strategy Recommendation

It is good to buy on dips around 0.7728-30 with SL around 0.76980 for a TP of 0.7865.

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.