USDCHF on Monday rose 0.23% to 0.89578. Pair in consolidation. What we know.

USDCHF Analysis

Performance after Monday
PeriodPctChgMomentum
Monday0.23%20.7 Pips
Week to-date0.23%20.7 Pips
May0.24%21.4 Pips

Upcoming key events (London Time)

Wed 07:00 PM USD Fed Interest Rate Decision (Federal Funds Rate)
Wed 07:00 PM USD FOMC Monetary Policy Statement
Wed 07:30 PM USD FOMC Press Conference

What happened lately

No major activities.


USDCHF 4-hour Chart by TradingView

What can we expect from USDCHF today?

USDCHF on Monday rose 0.23% to 0.89578. Price is above 9-Day EMA while Stochastic is rising.

Updated daily direction for USDCHF looks mixed as the pair is likely to consolidate above 0.89263 (S1).

Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89666 or trades above daily pivot 0.89464. Break above could target R1 at 0.8978. While to the downside, we are looking at 0.89263 (S1) and daily low of 0.89149 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.89666 may suggest continuation after recent positive movement.

For the week to-date, take note that USDCHF is mixed as compared to the prior week.

Key levels to watch out:

R30.90297
R20.89981
R10.8978
Daily Pivot0.89464
S10.89263
S20.88947
S30.88746

You might be interested in:

No major reports.

#USDCHF Trending on Twitter

09:00 UTC
#USDJPY is @ 133.54, projected to reach 133.49 (-5.43 pips) in the next 60 minutes (med.) - probability 65.65%

#USDCHF is @ 0.9176, projected to reach 0.9181 (5.0 pips) in the next 63 minutes (med.) - probability 48.55%

Euro Remains Bullish Despite Correction to Demand Zone
https://www.brokerxplorer.com/analysis/euro-remains-bullish-despite-correction-to-demand-zone-4276

#BrokerXplorer #ForexTrading #ForexAnalysis #USDCHF #Sell #Buy #Short #Long #Demand #Supply #TrailingStop #StopLoss #MoneyManagement

Bought 0.88 Lots $USDCHF 0.9184 Blackwave Algarve https://www.blackwave-forextrader.com #skininthegame https://www.myfxbook.com/portfolio/blackwave-algarve/9759529 #myfxbook #forex #portfolio #USDCHF

Weekly Market Analysis 👩‍💼

📈 Top Gainers
#EURUSD, #GBPUSD, #USDJPY, #AUDUSD, #SP500, #Nifty50

📉 Top Losers
#USDCHF, #USDCAD, #Gold

https://www.dailyforex.com/forex-technical-analysis/2023/04/pairs-in-focus-this-week-april-2nd-april-8th/193637

#AMASS #trading #tradingplatform #tradinglifestyle #tradingstrategy #liquiditypool #binaryoptions #copytrade

Load More

Disclaimer: We do not endorsed nor verified the posts provided by Twitter. This widget is provided to you as a convenience only and is not affiliated with all parties in any way.

Leave a comment

Your email address will not be published. Required fields are marked *