USD/CHF Likely To Rise But the Upside isLimited
ByLCMS Traders FX Analysis Team
AUG 27, 2021
USD/CHF Daily Forecast
USD/CHF is trading almost unchanged at 0.9170 ahead of the European session. The pair gained nearly 45 yesterday to close higher. The intraday support levels are at 0.9155 and 0.9131. The intraday resistance levels are at 0.9188 and 0.9216.
On the intraday chart, the pair is keeping above the moving averages, the SMA-14 is at 0.9168 while the SMA-50 is at 0.9164. The RSI is at 53 and appears flat while the MACD is around the middle line. The mid-Bollinger band is at 0.9146 with upper lower bands at 0.9258 and 09034 respectively. The intraday price pattern is not strongly bullish however, a small uptick is expected which can be well taken for buy entries using the following levels.
Direction: Buy
Entry: 0.9160
Take Profit: 0.9195 – 09220
Stop-Loss: 0.9128
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.