FX.co ★ Fxcaptain | USD/CHF

T E C H N I C A L _ A N A L Y S I S U S D / C H F Hello, my dear forex traders. How are you today? I chose USD/CHF for today's technical analysis. Currently, the market price of USD/CHF is floating around the 0.8697 zone. The hourly chart is still uncompleted. Hence, we have to follow this chart to recognize the market direction. The market price of USD/CHF can also change its direction during the news. On this timeline, USD/CHF ’s overall trend is bullish. On this timeline, the price is increasing. Technical data for this time model shows that The Relative Strength Index (RSI) is at 63.2211 which is in the bullish territory and shows a bullish momentum. The Moving average convergence divergence (MACD) indicator has already shown a bullish signal in the chart. The USD/CHF price is above the 20 and 50 EMA moving average lines, indicating a strong bullish trend.

There is a minor resistance level at 0.9000 and a minor support level at 0.8630. There is a possibility that the market price might fall to the next support level, which is 0.8537. There is also a possibility that the market price might increase to the next resistance level, which is 0.9500. After that, USD/CHF will move further toward the 0.9976 level of resistance which is the 3rd level of resistance. On the other hand, USD/CHF will decline further toward the 0.8429 level of support which is the 3rd level of support. The indicators used in the chart: MACD indicator: RSI indicator period 14: 50-day exponential moving average color Orange: 20-day exponential moving average color Magenta: