2013.11.11 | USDCHF Market Analysis
USDCHF Trends & Fibonacci Retracement Levels
The USDCHF currency pair has been on the decline in forex market trading today with the USDCHF making a high of 0.92308 and a low of 0.91889 on the day. Trends data shows the pair is currently in a short-term uptrend with prices trading above our favored short-term moving average (21 Periods). Over the longer term trend, as seen on the chart by the 90 day Linear Regression Channels, the pair continues to be in a downtrend although prices are trading outside our 2nd channel which constitutes a extreme deviation from the longer-term trend. Look for 0.9250 to present major resistance above.
USDCHF Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 277.8 pips
30-day current trend is BULLISH / Trend strength of 70.2 pips
60-day current trend is BEARISH / Trend strength of -286.8 pips
90-day current trend is BEARISH / Trend strength of -451.0 pips
180-day current trend is BEARISH / Trend strength of -448.6 pips
Fibonacci Retracement Levels
— 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 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.
