Technical Analysis of the USDCHF Currency Pair; 19-12-2022

As predicted last week, the price failed to break the bottom of its channel and entered an upward trend. Next week, we expect the upward trend to continue after a short-term correction.

Important Levels Next Week USDCHF Currency Pair

In this section, we will examine the technical levels of currency pairs and important market symbols, the levels whose failure can determine the trend of the market next week, and you can use these levels as profit and loss limits in your transactions.

USDCHF (Close Price Last week is 0.93463)

(0.91019, 0.91943, 0.93629, 0.94597, 0.97416, 0.98676, 1.00505)

USDCHF Fibonacci Pivot Point Level

These levels are one of the most important tools for traders, created based on market fluctuations and the closing and opening levels of candles in different time frames. The levels that exist in the 4-hour time frame are usually used by traders for daily trades, and it is possible to change them during the coming week due to market fluctuations. More and also the failure of the previous levels.