Advertisement
Advertisement
The Most Profitable Forex Advisors 2019
Expert%20Advisor
Advertisement
FortFS
XM.com - Trade Forex with up to 1:888 Leverage and up to $5000 Bonus.
FXRank technical section offers a profound and in-depth text and video Forex and Commodities technical analysis reports done by professional analysts with a great understanding of the market
Advertisement

USD/CHF Price Analysis: Pullback from 0.9900 eyes monthly support trendline

Written by By Anil Panchal | 2020-03-26 02:21:44 GMT
  • USD/CHF remains on the back foot.
  • The weekly resistance line guards the immediate upside.
  • 200-bar SMA question sellers below the short-term support line.

While extending its pullback moves from 0.9900, triggered during the early-week, USD/CHF drop to 0.9755, down 0.15%, amid the Asian session on Thursday.

The pair currently drops towards the monthly support line, at 0.9690, a break of which could again shift the market’s focus on a 200-bar SMA level of 0.9660.

If bears fail to respect the key SMA, 50% Fibonacci retracement level of the monthly run-up, at 0.9540, will be the key to watch.

On the contrary, the pair’s break above the weekly resistance line of 0.9810 could trigger fresh recovery moves that target 0.9900.

Also, the pair’s sustained rise past-0.9900 could challenge November 2019 high around 1.0025.

USD/CHF four-hour chart

Trend: Pullback expected

Additional important levels

Overview
Today last price 0.9756
Today Daily Change -15 pips
Today Daily Change % -0.15%
Today daily open 0.9771
 
Trends
Daily SMA20 0.9592
Daily SMA50 0.9681
Daily SMA100 0.9758
Daily SMA200 0.9814
 
Levels
Previous Daily High 0.9835
Previous Daily Low 0.9755
Previous Weekly High 0.9901
Previous Weekly Low 0.9392
Previous Monthly High 0.9851
Previous Monthly Low 0.9609
Daily Fibonacci 38.2% 0.9785
Daily Fibonacci 61.8% 0.9804
Daily Pivot Point S1 0.9739
Daily Pivot Point S2 0.9707
Daily Pivot Point S3 0.9659
Daily Pivot Point R1 0.9819
Daily Pivot Point R2 0.9867
Daily Pivot Point R3 0.9898

 

 

Author

By Anil Panchal
XM

Start Trading With Top Industry Brokers

Broker Profile Open Account
XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    octafx
  • Offer: 50% Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:500
  • Broker Type : ECN/STP & STP
  • Regulation : FCA (UK), 679306 IFSA (St. Vincent and Grenadines), 19776 IBC 2011
  • octafx
    EXNESS
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:2000
  • Broker Type : STP/ECN
  • Regulation : CySEC, 178/12 IFSA (St. Vincent and Grenadines), 21927 (IBC 2014)
  • EXNESS
    InstaForex
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:2000
  • Broker Type : STP/ECN
  • Regulation : RAFMM
  • InstaForex
    FBS
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:500
  • Broker Type : STP/ECN
  • Regulation : CRFIN (Russia), 009069697 IFSC (Belize), IFSC/60/230/TS/12
  • FBS
    FXTM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:500
  • Broker Type : STP/ECN
  • Regulation : CySEC, 185/12 FCA (UK), 600475
  • FXTM

    The Best Crypto to Crypto

    Exchanger Advantages Open Account
    binance
  • Safety Stability: Multi-tier & multi-cluster system architecture
  • Binance charges a quite low commission fee
  • Multiple-Coin Support : BTC, ETH, LTC, BNB...
  • High Liquidity
  • Multiple-Language Support
  • binance
    changelly
  • Instant cryptocurrency exchange
  • More than 500,000 satisfied users
  • Changelly charges a quite low commission fee
  • Safety Stability
  • changelly
    bitmex
  • Bitmex - Bitcoin Mercantile Exchange is a cryptocurrency derivatives trading platform.
  • Bitmex charges a quite low commission fee
  • Safety Stability
  • changelly

    Best Brokers to Trade Crypto

    Broker Profile Open Account
    EXNESS
  • Minimum Deposit: 1 USD
  • Leverage of up to 1:2000
  • Broker Type : STP/ECN
  • Regulation : CySEC, 178/12 IFSA (St. Vincent and Grenadines), 21927 (IBC 2014)
  • EXNESS
    XM
  • Minimum Deposit: 5 USD
  • Leverage of up to 1:30
  • Leverage applies to all EU regulated entities of the group. Leverage depends on the financial instrument traded.
  • Broker Type : Market Maker
  • Regulation : CySEC,ASIC ,FCA
  • XM
    HotForex
  • Offer: 100% Deposit Bonus
  • Minimum Deposit: 50 USD
  • Leverage of up to 1:500
  • Broker Type : STP
  • Regulation : CySEC, 183/12 FSC (Mauritius), 094286
  • HotForex

    Contact us
    fxrank.net@gmail.com