USD/CHF 4H Chart: Remains near 1.00 - Trade Pattern Ideas - Dukascopy Bank
Thu, 25 Oct 2018 05:55:36 GMT
Source: Dukascopy Bank SA
Indicator
4H
1D
1W
MACD (12; 26; 9)
Buy
Buy
Buy
RSI (14)
Neutral
Neutral
Neutral
Stochastic (5; 3)
Neutral
Neutral
Sell
Alligator (13; 8; 5)
Buy
Buy
Buy
SAR (0.02; 0.2)
Buy
Buy
Buy
Aggregate
⇗
⇗
⇗
The US Dollar has increased its trading range against the Swiss Franc after the currency pair reversed from the lower boundary of a long-term ascending channel at 0.9550.
The exchange rate breached a swing high of 0.9992 during Wednesday's session. Currently, the pair is trading near a psychological resistance level of 1.00 during the morning hours of today's session.
Given that the currency exchange rate has breached the swing high of 0.9992, the next target for the price will be at the weekly R2 near the 1.0060 area during the following trading sessions.
However, the psychological resistance level as mentioned earlier could hinder the USD/CHF pair from reaching the said target.
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