The USDCHF tests the resistance – Analysis - 23-10-2020

2020-10-23 04:03:21 GMT (

The USDCHF pair tested the bearish channel’s resistance and keeps its stability below it until now, as the EMA50 meets this resistance to add more strength to it, while stochastic begins providing the negative signals on the four hours’ time frame.


Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which targets 0.9010 level as a next station, while holding below 0.9100 represents key condition to continue the expected decline.


The expected trading range for today is between 0.9000 support and 0.9120 resistance.


The expected trend for today: Bearish

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.