• 3 days Banking Stocks Could Be Set For Another Bumper Year
  • 4 days Crypto Mining Migration Continues As Bans Line Up
  • 5 days The Meme Stock Craze Could Lose Out to Crypto
  • 8 days Banking Sector Booming As Stock Market Lags
  • 9 days Has Bitcoin Stopped Bleeding? Some Analysts Seem To Think So
  • 9 days Amazon ‘Competitor’ Charged With Crypto Fraud Scheme
  • 10 days As Competition Heats Up, Cable TV Mega-Merger Revived
  • 11 days China’s Road To Tech Independence
  • 16 days 3 Major Bearish Catalysts For The U.S. Economy In 2022
  • 18 days VR Industry Boomed During Holiday Season
  • 18 days 3 Global eCommerce Brands Have Overtaken Amazon
  • 19 days Another Banner Year for Billionaires
  • 24 days Top 3 Predictions For Bitcoin In The New Year
  • 25 days China Moves To Tighten Rules For Companies Looking To List Abroad
  • 26 days Fake Reviews Go All The Way To The Top
  • 32 days Airlines Want The Government To Ditch Emergency Testing For Covid-19
  • 33 days The Service Robot Industry Is Booming
  • 38 days The 3 Biggest Market Risks In 2022
  • 41 days Fintech Valuations Have Grown Red-Hot
  • 47 days DIDI Delisting Is A Worrying Sign For Investors Holding Chinese Stocks
MIG Bank

MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

Contact Author

  1. Home
  2. Markets
  3. Other

USD/CHF - Breaking The Support at 0.9278

USD/CHF has broken the support at 0.9278 (04/06/2015 low). Resistance can be found at 0.9503 (05/06/2015 high). Stronger resistance can be found at 0.9573 (29/05/2015 high). Hourly support is given at 0.9252 (intraday low). Stronger support lies at 0.9072 (07/05/2015 low). In the short-term, the pair is gaining downside momentum, therefore we remain bearish over the next few weeks.

In the long-term, there is no sign to suggest the end of the current downtrend. After failure to break above 0.9448 and reinstate bullish trend. As a result, the current weakness is seen as a counter-trend move. Key support can be found 0.8986 (30/01/2015 low).

Daily Technical Report

 

Read the Report

Back to homepage

Leave a comment

Leave a comment