Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USDCHF Trade Idea

Major Intraday resistance -0.9850-55

 

USDCHF has shown good recovery of more than 100 pips from low of 0.97162 made on Jan 10th 2019. The pair was trading weak from Dec 26th till Jan 10th on account of global stock market turmoil. The slight easing of trade war between US and China is supporting USDCHF. The pair hits intraday high of 0.98502 and is currently trading around 0.98482.

 

The near term major intraday resistance is around 0.9850-55 and any convincing break above targets 0.9880/0.9925. Any break above 0.9925 will take the pair to next level till 0.9965/1.0010/1.00680.

 

On the lower side, near term support is around 0.9790 and any violation below will drag the pair to next level till 0.9735/0.9700.

 

It is good to buy on dips around 0.9845-50 with SL around 0.9800 for the TP of 0.9925.

 

 

Resistance

 

R1- 0.9855

 

R2 - 0.9880

 

R3- 0.9925

 

Support               

 

S1- 0.9790

 

S2- 0.9735

 

S3- 0.9680

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

April 19 08:30 UTC Released

GRCbank C/A YY

Actual

-0.99 0

Forecast

Previous

-1.183 0

April 19 08:00 UTC Released

ITConsumer Confidence

Actual

110.5 %

Forecast

111.2 %

Previous

111.2 %

January 31 00:00 UTC 638477638477m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 638477638477m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 650297650297m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 638477638477m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 650297650297m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 638477638477m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 638477638477m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 638477638477m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.