USD/CHF daily chartOn the daily chart, USD/CHF is trading in a sideways trend, now challenging the 50 and 100-day simple moving averages (DSMAs) below the 0.9900 handle. |
USD/CHF daily chart(see more posts on USD/CHF, ) - Click to enlarge |
USD/CHF four-hour chartUSD/CHF is under bearish pressure below the main SMAs as the market is trading at its lowest point since late September. A continuation of the bear move below the 0.9871 support can lead to an acceleration towards 0.9850 and 0.9830 price levels, according to the Technical Confluences Indicator. |
USD/CHF four-hour chart(see more posts on USD/CHF, ) - Click to enlarge |
USD/CHF 30-minute chartUSD/CHF is trading below its main SMAs, suggesting a bearish bias in the near term. Resistances can be seen at the 0.9881 level and 0.9922, according to the Technical Confluences Indicator. |
USD/CHF 30-minute chart(see more posts on USD/CHF, ) - Click to enlarge |
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Flavio has been engaged in the financial market since 2011 with experience in stocks, currencies, commodities and cryptocurrencies among others. In 2015 he completed a postgraduate diploma in Financial Trading Analysis from the University of Essex in collaboration with FXStreet.
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