empty
 
 

Forex Analysis & Reviews: USD/CHF: false breakdown below 0.9756 downside obstacle
time 30.09.2022 04:53 PM
time Relevance up to, 01.10.2022 04:53 PM

This image is no longer relevant

USD/CHF Upside Continuation Possible!

As you can see on the H1 chart, the rate dropped and it has challenged the uptrend line which represents a downside obstacle. The rate dropped below this line but failed to stabilize below it signaling only a false breakdown.

You knew from my previous analysis that the rate could come back to test and retest the uptrend line. As long as it stays above this level, it could resume its growth.

USD/CHF Trading Conclusion!

Jumping above 0.9848 may signal further growth towards the 0.9966 higher high.

Dropping below the uptrend line and under 0.9743 today's low activates a downside movement.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2023
USDCHF
US Dollar vs Swiss Franc
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

AUDUSD Potential for Bullish rise to previous swing high

Description : Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud, Looking for a buy entry

Dean Leo 08:28 2023-02-03 UTC+2

BTCUSD Potential For Bullish Rise to previous swing high

Description : Looking at the H4 chart, my overall bias for BTCUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking

Dean Leo 08:23 2023-02-03 UTC+2

Forecast for EUR/USD on February 3, 2023

The meetings of the Federal Reserve, the European Central Bank and the Bank of England are now over. Their results are very confusing, we cannot determine the reason

Laurie Bailey 04:39 2023-02-03 UTC+2

Forecast for GBP/USD on February 3, 2023

As a result of yesterday's Bank of England meeting, which raised the rate by 0.50% and made it clear that it wouldn't go for a much higher rate

Laurie Bailey 04:39 2023-02-03 UTC+2

Forecast for USD/JPY on February 3, 2023

The Japanese yen got a little stronger after the meetings of the three major central banks, but it only strengthened the neutral position and uncertainty, since it is technically staying

Laurie Bailey 04:39 2023-02-03 UTC+2

Technical analysis of GBP/USD for February 02, 2023

The bullish trend is currently very strong on the EUR/USD pair. As long as the price remains above the support levels of 1.2218, you could try to benefit from

Mourad El Keddani 20:51 2023-02-02 UTC+2

Technical analysis of EUR/USD for February 02, 2023

The EUR/USD pair will continue to rise from the level of 1.0802. The support is found at the level of 1.0890, which represents the 38.2.% Fibonacci retracement level

Mourad El Keddani 20:27 2023-02-02 UTC+2

February 2, 2023 : EUR/USD daily technical review and trading opportunities.

The price zone around 1.1500 has applied significant SELLING pressure upon the previous ascending movement towards it. Shortly after, the EUR/USD pair has been moving downwards reaching the price levels

Mohamed Samy 19:10 2023-02-02 UTC+2

February 2, 2023 : EUR/USD Intraday technical analysis and trading plan.

Price action around the key-level of (1.0550-1.0600) was quite bullish. That's why, further bullish continuation towards 1.0800 was demonstrated. Moreover, more bullish advancement towards the nearest supply zone around 1.1150-1.1200

Mohamed Samy 19:09 2023-02-02 UTC+2

February 2, 2023 : GBP/USD Intraday technical analysis and significant key-levels.

Price action around 1.2340 was being watched for bearish rejection and a short-term SELL Entry. It was running in profits until the current bullish bounce has been expressed. Please take

Mohamed Samy 19:08 2023-02-02 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.