Technical Analysis of the USDCHF Currency Pair; Dec 11, 2022

admin 12 December 2022

Last week the price fluctuated in a neutral trend. Breaking the important levels indicated below may determine the continuation of the trend of this currency pair, but from the general point of view, the trend of this currency pair remains bearish.

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.

Time Frame	S3	S2	S1	PP	R1	R2	R3
H	0.9329	0.9335	0.9339	0.9345	0.9351	0.9355	0.9361
4H	0.9288	0.9306	0.9316	0.9333	0.9351	0.9361	0.9378
Daily	0.9295	0.9327	0.9346	0.9378	0.9410	0.9429	0.9461
Weekly	0.9193	0.9278	0.9330	0.9414	0.9499	0.9551	0.9635
Monthly	0.8863	0.9165	0.9351	0.9653	0.9955	1.0141	1.0443

USDCHF Fibonacci Pivot Point Level

Do you like it?

Rate this post

Leave a Reply Cancel reply

Slight fluctuations in oil prices after a month of decline, markets focus on the Federal Reserve meeting

After retreating in January, oil prices edged lower on Wednesday as markets look for further signs from the Federal Reserve meeting and a potential economic

Technical analysis of the EURUSD currency pair; 25-12-2022

In the long term, the price continues to move in a neutral range between 1.06613 and 1.05787. The failure at this level indicates the long-term trend of this

A Higher-Than-Expected Publication of the U.S PPI

The U.S. Producer Price Index (PPI) measures the change in prices of goods sold by producers. This index is the consumer price inflation index, which forms the

What is a Carry Trade?

Carry Trade is one of the most well-known investment methods in the financial markets that involves borrowing or selling a low-interest rate asset to use that money for buying another high-interest rate asset. In this article you can learn how to do it and be

What is an Islamic Forex Trading Account?

An Islamic Forex account is a type of trading account that allows Muslims to trade without paying any interest rate or commission. In this article, you will learn about these acounts, their pros and cons, and the necessity to use them in some situations.

Technical analysis of the GBPUSD currency pair; 08-01-2023

In the last hours of last week, this currency pair moved in an upward phase to the level of 1.20861, but failed to break its downward trend line. Therefore, we expect the price to be in a downward corrective trend in the coming week, and if it manages to