For Traders

Analytical Reviews

Technical analysis

06.12.202115:45 Forex Analysis & Reviews: USDCHF Daily analysis.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

USDCHF is trading around 0.9220 after making a low at 0.9156. Price continues to trade above the key upward sloping trend line support now found at 0.9115.

Blue line- key support trend line

USDCHF continues to form higher highs and higher lows since the low of June 2021. The upward sloping support trend line is at 0.9115 and as long as price is above it, bulls have hopes for another run towards 0.93-0.94. Failure to stay above 0.9115 will be a sign of weakness. Until then we consider buying the dips towards 0.91 as the best strategy.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.