USD/CHF is trading in a bull trend as the 50 and 100-period simple moving averages (SMA) are moving upward. The 100 SMA crossed above the 200 SMA which is considered a bullish clue known as golden cross. However, USD/CHF is currently stalling below the 0.9950 level as the market is forming a small head-and-shoulders pattern which can signal that a pullback can be imminent. The MACD indicator also started decelerating since early October. Supports to the downside can be located near 0.9891 October 4 low and 0.9868 July 31 low. A strong bull breakout above 0.9950 should lead to an acceleration to the parity level. USD/CHF 4-hour chart Spot rate: 0.9923 Relative change: 0.04% High: 0.9945 Low: 0.9906 Main trend: Bullish Resistance 1: 0.9950 figure Resistance 2: 1.0000 parity level Resistance 3: 1.0068 July 13 high Support 1: 0.9891 October 4 low Support 2: 0.9868 July 31 low Support 3: 0.9820 August 25 low Support 4: 0.9807 August 22 low Support 5: 0.9788 June 7 swing low (key level) Support 6: 0.9768 September 4 swing high FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/MXN Technical Analysis: On consolidation mode, around 18.90 FX Street 4 years USD/CHF is trading in a bull trend as the 50 and 100-period simple moving averages (SMA) are moving upward. The 100 SMA crossed above the 200 SMA which is considered a bullish clue known as golden cross. However, USD/CHF is currently stalling below the 0.9950 level as the market is forming a small head-and-shoulders pattern which can signal that a pullback can be imminent. The MACD indicator also started decelerating since early October. Supports to the downside can be located near 0.9891 October 4 low and 0.9868 July 31 low. A strong bull breakout above 0.9950 should lead to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
