2013.11.08 | USDCHF Market Analysis
USDCHF Trends & Fibonacci Retracement Levels
The USDCHF currency pair has been rising in forex market trading the past two days with the USDCHF registering a high of 0.91823 and a low of 0.91535 so far today. Trends data today shows the pair continues to be in a short-term uptrend as prices are trading over our favored short-term 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. Prices are currently in overbought or extreme deviation from the mean territory (2 standard deviations above center line) which can signal the start of a new trend change or an impending sharp return to the trend.
USDCHF Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 272.9 pips
30-day current trend is BULLISH / Trend strength of 33.4 pips
60-day current trend is BEARISH / Trend strength of -308.7 pips
90-day current trend is BEARISH / Trend strength of -480.5 pips
180-day current trend is BEARISH / Trend strength of -449.4 pips
Fibonacci Retracement Levels over last 100 Days
— 0.000 – 0.88893
— 0.236 – 0.90925
— 0.382 – 0.92182
— 0.500 – 0.93199
— 0.618 – 0.94215
— 0.764 – 0.95472
— 1.000 – 0.97504
By CountingPips.com – Forex Trading Apps & Currency Trade News
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.
