Sunday , November 29 2020
Home / SNB & CHF / USD/CHF Price Analysis: Extends run-up beyond 10-day SMA

USD/CHF Price Analysis: Extends run-up beyond 10-day SMA

Summary:
USD/CHF holds onto recovery gains from 23.6% Fibonacci retracement level. 50% of Fibonacci retracement, January month low on the bulls’ radars. Sellers can take entry below 0.9320. USD/CHF adds 0.22% to its previous recovery, currently crossing 10-day SMA, while trading near 0.9460 during the early Friday. The pair manages to remain positive beyond 23.6% Fibonacci retracement of its fall from November 2019. As a result, buyers can aim for further upside beyond a 38.2% Fibonacci retracement level of 0.9500. In doing so, 50% of Fibonacci retracement and January month’s low, respectively near 0.9600 and 0.9615, can please the bulls. During the pullback, 0.9320 can act as additional support below the 23.6% Fibonacci retracement level of 0.9378. However, a daily

Topics:
Anil Panchal considers the following as important: , , ,

This could be interesting, too:

Dirk Niepelt writes SUERF Webinar Baffi Bocconi Libra 2 0 20200831

FINMA: News writes Strategische Ziele 2021 bis 2024

FINMA: News writes FINMA veröffentlicht Risikomonitor 2020

Swiss National Bank writes Romeo Lacher and Christoph Mäder nominated for election to the SNB Bank Council

  • USD/CHF holds onto recovery gains from 23.6% Fibonacci retracement level.
  • 50% of Fibonacci retracement, January month low on the bulls’ radars.
  • Sellers can take entry below 0.9320.
USD/CHF adds 0.22% to its previous recovery, currently crossing 10-day SMA, while trading near 0.9460 during the early Friday. The pair manages to remain positive beyond 23.6% Fibonacci retracement of its fall from November 2019.

As a result, buyers can aim for further upside beyond a 38.2% Fibonacci retracement level of 0.9500.

In doing so, 50% of Fibonacci retracement and January month’s low, respectively near 0.9600 and 0.9615, can please the bulls.

During the pullback, 0.9320 can act as additional support below the 23.6% Fibonacci retracement level of 0.9378.

However, a daily closing below 0.9320 will make the quote vulnerable to extend the south-run towards 0.9000 mark.

USD/CHF daily chart

(see more posts on USD/CHF, )
USD/CHF Price Analysis: Extends run-up beyond 10-day SMA

- Click to enlarge

Trend: Further recovery expected


Tags: ,

Leave a Reply

Your email address will not be published. Required fields are marked *