Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Octa trading broker
Open trading account
Back

USD/CHF Technical Analysis: Bears likely to target over 1-month old ascending channel support

   •  The pair extended last week’s rejection slide from the 1.0100 handle and dropped to fresh one-week lows in the last hour amid a follow-through USD retracement.

   •  Meanwhile, the attempted intraday bounce failed to sustain above 200-hour SMA and the subsequent slide clearly points to increasing selling pressure at higher levels.

   •  Technical indicators on hourly charts have been gaining negative momentum and suggest a further decline to over one-month-old ascending trend-channel support.

   •  However, oscillators on the daily chart have managed to maintain their bullish bias and support prospects for some dip buying interest near the mentioned support.

   •  Hence, it would be prudent to wait for a convincing break below the channel support before confirming that the pair might have already topped out in the near-term.

USD/CHF 1-hourly chart

Technical levels to watch

USD/CHF

Overview:
    Today Last Price: 1.003
    Today Daily change %: -0.19%
    Today Daily Open: 1.0049
Trends:
    Daily SMA20: 0.9991
    Daily SMA50: 0.9927
    Daily SMA100: 0.9949
    Daily SMA200: 0.9909
Levels:
    Previous Daily High: 1.009
    Previous Daily Low: 1.0039
    Previous Weekly High: 1.01
    Previous Weekly Low: 0.9988
    Previous Monthly High: 0.9996
    Previous Monthly Low: 0.9716
    Daily Fibonacci 38.2%: 1.0059
    Daily Fibonacci 61.8%: 1.0071
    Daily Pivot Point S1: 1.0029
    Daily Pivot Point S2: 1.0009
    Daily Pivot Point S3: 0.9979
    Daily Pivot Point R1: 1.008
    Daily Pivot Point R2: 1.011
    Daily Pivot Point R3: 1.013

 

WTI recedes from fresh 2019 tops beyond the $56.00 mark

Prices of the barrel of the American reference for the sweet light crude oil are hovering the $56.00 mark today, a tad lower than earlier 2019 tops ne
Read more Previous

USD/CAD stuck in tight channel below 1.3250

The USD/CAD pair came under moderate selling pressure in the early Asian session and broke below the 1.3250 mark. However, with investors staying on t
Read more Next