empty
InstaForex
Thank you for visiting www.instaforex.com
Unfortunately, the content of this website does not comply with the legislation of the country you are located in. Residents of the European Union can use services of the EU-regulated company at www.instaforex.eu
Kindly specify how you would like to proceed
View Content Anyway
I acknowledge that the content of this website is not intended to be promoted to EU residents and that in registering an account with instaforex.com, I will not be covered by EU regulations. I wish to proceed anyway.
View Compliant Сontent
I'd like to view the content of www.instaforex.eu that complies with the EU legislation.
28.08.2023 05:39 AM
USDCHF, Day | React off resistance level?

This image is no longer relevant

The USD/CHF chart displays a bearish trend within a descending channel, indicating a continued price decline. There's a potential for the price to react bearishly at the 1st resistance of 0.8850, influenced by its overlap resistance classification and Fibonacci confluence with the 50% and 61.80% retracement levels, before moving towards the overlap-supported level at 0.8702. The 2nd resistance at 0.8920, also an overlap resistance, strengthens its significance by aligning with the 61.80% Fibonacci Retracement.

Dean Leo,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Dean Leo
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • 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 $8000 more!
    In March we raffle $8000 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
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback