USD/CHF Bears Strengthen Their Hold – Likely To Move Below 0.91000 Area

avatar
· Views 189

#OPINIONLEADER# #Signal#

USD/CHF Bears Strengthen Their Hold – Likely To Move Below 0.91000 Area

ByLCMS Traders FX Analysis Team

 AUG 17, 2021

USD/CHF Daily Forecast

USD/CHF is extending the downside after hitting a recent high of 0.9242. Currently, the pair is trading at 0.91058 and appears to be heading further lower. The intraday support levels are at 0.9100 and 0.9068. The near-term resistance areas are at 0.9122 and 0.9153.

On the intraday charts, the pair is keeping below the moving average, the SMA-14 is at 0.9123 and the SMA-50 is at 0.9143. The mid-Bollinger band is at 0.9133 while the upper and lower bands are at 0.9258 and 0.9000 respectively. The RSI is at 45 and favors the bears. The current intraday and 4-hourly price pattern is strongly bearish and the downside is likely to be extended which favors selling entries using the following levels.

Direction: Sell

Entry: 0.9115

Take Profit: 0.9075

Stop-Loss: 0.9145

USD/CHF Bears Strengthen Their Hold – Likely To Move Below 0.91000 Area

免責事項:本記事で述べられている見解は著者の見解のみであり、Followmeの公式見解を反映するものではありません。Followmeは、提供された情報の正確性、完全性、信頼性について一切責任を負いません。また、書面で明示的に記載されている場合を除き、本記事の内容に基づいて行われたいかなる行動についても責任を負いません。

この記事が気に入ったら、著者にチップを送って感謝の気持ちを表しましょう。
応答 0

  • tradingContest