2013.11.22 | USDCHF Market Analysis
USDCHF Trends & Fibonacci Retracement Levels
The USDCHF currency pair has been declining in forex market trading for a second day today with the USDCHF registering a high of 0.91493 and a low of 0.90983 on the day. Trends data shows the pair is currently in a short-term downtrend as prices are trading under our favored short-term moving average of 21 linear periods. 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 with the channels center line coinciding with the 23.6% fibo retracement level at 0.9024 (possible targets if prices break below 0.9100).
USDCHF Trends Data: Linear Regression Indicator
10-day current trend is BEARISH / Trend strength of -91.6 pips
30-day current trend is BULLISH / Trend strength of 150.4 pips
60-day current trend is BEARISH / Trend strength of -217.1 pips
90-day current trend is BEARISH / Trend strength of -300.1 pips
180-day current trend is BEARISH / Trend strength of -459.8 pips
Fibonacci Retracement Levels over last 100 Days
— 0.000 – 0.88892
— 0.236 – 0.90924
— 0.382 – 0.92182
— 0.500 – 0.93198
— 0.618 – 0.94214
— 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.
