2013.11.28 | USDCHF Market Analysis
USDCHF Trends & Fibonacci Retracement Levels
The USDCHF currency pair has been falling in forex market trading today with the USDCHF registering a high of 0.90854 and a low of 0.90399 on the day. Trends data shows the pair is currently in a short-term downtrend as prices are trading under the short-term 21 period linear moving average. Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels indicator, the pair continues to be in a downtrend with prices trading at the 23.6% fibonacci retracement level of the pullback from 0.8889 low.
USDCHF Trends Data: Linear Regression Indicator
10-day current trend is BEARISH / Trend strength of -109.2 pips
30-day current trend is BULLISH / Trend strength of 173.2 pips
60-day current trend is BEARISH / Trend strength of -154.5 pips
90-day current trend is BEARISH / Trend strength of -275.1 pips
180-day current trend is BEARISH / Trend strength of -473.5 pips
Fibonacci Retracement Levels: Past 100 Days
— 0.000 – 0.88892
— 0.236 – 0.90552
— 0.382 – 0.91578
— 0.500 – 0.92408
— 0.618 – 0.93238
— 0.764 – 0.94264
— 1.000 – 0.95924
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
