USDCHF on Tuesday rose 0.09% to 0.89650. Pair in consolidation. What we know.
USDCHF Analysis
| Performance after Tuesday | |||||
| Period | Pct | Chg | Momentum | ||
| Tuesday | 0.09% | 8.3 Pips |  | ||
| Week to-date | -0.2% | -18.2 Pips |  | ||
| May | 0.29% | 25.9 Pips | | ||
Upcoming key events (London Time)
No major events for the day.
What happened lately
🇺🇸 Retail Trade Control Group in April rose to 0.7% compared to previous figure -0.4, revised from -0.3% in March Census Bureau
What can we expect from USDCHF today?
USDCHF on Tuesday rose 0.09% to 0.89650. 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 0.89318 (S1).
Looking ahead today, to see upside interest, we prefer to look at price breakout of last daily high of 0.89706 or trades above daily pivot 0.89512. Break above could target R1 at 0.89844. While to the downside, we are looking at 0.89318 (S1) and daily low of 0.89180 as support levels. USDCHF need to break on either side to indicate a short-term bias. A break above 0.89706 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:
| R3 | 0.9037 |
| R2 | 0.90038 |
| R1 | 0.89844 |
| Daily Pivot | 0.89512 |
| S1 | 0.89318 |
| S2 | 0.88986 |
| S3 | 0.88792 |
You might be interested in:
Advanced Monthly Sales for Retail and Food Services. Census Bureau
The number of employed persons rose by 2.1% and the unemployment rate (ILO definition) fell to 4.3% in the 1st quarter 2023. Federal Statistical Office Producer and Import Price Index rose by 0.2% in April. Federal Statistical Office
#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
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.
