Home USD/CHF Technical Analysis: Greenback bears might take over as 1.0068 resistance caps bullish advances
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USD/CHF Technical Analysis: Greenback bears might take over as 1.0068 resistance caps bullish advances

  • USD/CHF is trading in a bull trend above the 200-period simple moving average (SMA) on the 4-hour chart.
  • USD/CHF is testing the 50 SMA as the market is failing to print new highs above 1.0068 (July 13 high). The RSI, MACD and Stochastic indicators are all losing bullish momentum.  
  • Failure to recapture 1.0068 (July 13 high) might lead to a pullback to 1.0000 parity level. Alternatively, a break above 1.0068 should see a retest of 1.0100 current 2018 high.  

USD/CHF 4-hour chart

Main trend:                    Bullish

Resistance 1:                1.0068 July 13 high
Resistance 2:                1.0100 current 2018 high  
Resistance 3:                1.0160 March 2017 high
Resistance 4:                1.2000 figure

Support 1:                     1.0000 parity level
Support 2:                     0.9986 August high
Support 3:                     0.9950 figure
Support 4:                     0.9891 October 4 low
Support 5:                     0.9868 July 31 low

Additional key levels at a glance:

USD/CHF

Overview:
       Last Price:  1.0029
       Daily change:  -14  pips
       Daily change:  -0.139%
       Daily Open:  1.0043
Trends:
       Daily SMA20:  0.997
       Daily SMA50:  0.9826
       Daily SMA100:  0.9878
       Daily SMA200:  0.9763
Levels:
       Daily High:  1.007
       Daily Low:  1.0021
       Weekly High:  1.0096
       Weekly Low:  0.9967
       Monthly High:  1.0096
       Monthly Low:  0.9801
       Daily Fibonacci 38.2%:  1.0052
       Daily Fibonacci 61.8%:  1.004
       Daily Pivot Point S1:  1.0019
       Daily Pivot Point S2:  0.9995
       Daily Pivot Point S3:  0.997
       Daily Pivot Point R1:  1.0069
       Daily Pivot Point R2:  1.0094
       Daily Pivot Point R3:  1.0118

 

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