- The USD/CHF closed at 0.9978 on Friday, confirming a falling wedge breakout – a bullish pattern – which indicates that the pullback from the recent high of 1.01285 has ended and the bulls have likely regained control.
- While a bear-to-bull trend change is confirmed, the horizontal hurdle of 1.0008 (Dec. 5 high) is still intact. Moreover, a break above that would violate the bearish lower-high setup and open up upside toward the recent high of 1.01285.
- A move below Friday’s low of 0.9928 would weaken bullish pressures.
Daily Chart
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Trend: Bullish
USD/CHF
Overview:
Today Last Price: 0.9979
Today Daily change: -1.0 pips
Today Daily change %: -0.0100%
Today Daily Open: 0.998
Trends:
Previous Daily SMA20: 0.9953
Previous Daily SMA50: 0.9977
Previous Daily SMA100: 0.989
Previous Daily SMA200: 0.9853
Levels:
Previous Daily High: 0.9984
Previous Daily Low: 0.9927
Previous Weekly High: 0.9984
Previous Weekly Low: 0.9862
Previous Monthly High: 1.0129
Previous Monthly Low: 0.9908
Previous Daily Fibonacci 38.2%: 0.9962
Previous Daily Fibonacci 61.8%: 0.9949
Previous Daily Pivot Point S1: 0.9943
Previous Daily Pivot Point S2: 0.9906
Previous Daily Pivot Point S3: 0.9886
Previous Daily Pivot Point R1: 1
Previous Daily Pivot Point R2: 1.002
Previous Daily Pivot Point R3: 1.0057
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