2013.11.12 | USDCHF Market Analysis
USDCHF Trends & Fibonacci Retracement Levels
The USDCHF currency pair has been rising in forex market trading over the past week. The USDCHF has registered a high of 0.92253 and a low of 0.91906 so far on the day. Trends data shows the pair is currently in a short-term uptrend (and perhaps topping out) 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, the pair continues to be in an downtrend while with prices sustained outside the channels will threaten this overall trend.
USDCHF Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 245.8 pips
30-day current trend is BULLISH / Trend strength of 94.7 pips
60-day current trend is BEARISH / Trend strength of -272.4 pips
90-day current trend is BEARISH / Trend strength of -424.4 pips
180-day current trend is BEARISH / Trend strength of -450.1 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 News & Forex Trading Apps
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.
