2013.12.05 | USDCHF Market Analysis
USDCHF Trends & Fibonacci Retracement Levels
The USDCHF currency pair has been virtually unchanged in forex market trading today with the USDCHF registering a high of 0.90308 and reaching to a low of 0.89827 on the day. Trends data shows the pair is currently in a short-term downtrend with prices trading under the 21-period linear moving average. Over the longer term trend, the pair also continues to be in a downtrend as seen on the daily chart by the 90-day Linear Regression Channels below. Look for the major 0.9000 level below to provide the bulls with near-term support and potentially the 23.6% fibo retracement level at 0.9027 will provide further support if prices can gain some bullish momentum. Otherwise, further decline potentially opens up the 0% fibonacci retracement level down at 0.8889.
USDCHF Trends Data: Linear Regression Indicator
10-day current trend is BEARISH / Trend strength of -89.5 pips
30-day current trend is BULLISH / Trend strength of 50.9 pips
60-day current trend is BEARISH / Trend strength of -54.3 pips
90-day current trend is BEARISH / Trend strength of -269.9 pips
180-day current trend is BEARISH / Trend strength of -485.1 pips
Fibonacci Retracement Levels: Past 100 Days
— 0.000 – 0.88892
— 0.236 – 0.90279
— 0.382 – 0.91137
— 0.500 – 0.91831
— 0.618 – 0.92525
— 0.764 – 0.93383
— 1.000 – 0.94770
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.
