empty
27.10.2023 07:39 PM
USD/CHF: upside continuation favored

This image is no longer relevant

USD/CHF Uptrend Intact!

The currency pair is trading at 0.9028 at the time of writing. You knew from my previous analysis that passing above 0.8997 activates further growth. As long as USD/CHF stays above the uptrend line, the rate could approach and reach new highs.

Technically, the former high of 0.9033 represents a key upside obstacle. It remains to see how it reacts around it.

USD/CHF Trading Conclusion!

Jumping and stabilizing above 0.9033 activates further growth. This could be seen as a buying opportunity as the rate could approach and reach new highs.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

USD/JPY: Simple Trading Tips for Beginner Traders on June 17. Analysis of Yesterday's Forex Trades

The test of the 143.97 level coincided with the moment when the MACD indicator had just begun to move downward from the zero line, confirming a valid entry point

Jakub Novak 08:42 2025-06-17 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 17. Analysis of Yesterday's Forex Trades

The test of the 1.3595 level occurred just as the MACD indicator began moving upward from the zero line, confirming a valid buy entry for the pound, which resulted

Jakub Novak 08:42 2025-06-17 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 17. Analysis of Yesterday's Forex Trades

The test of the 1.1588 level coincided with when the MACD indicator had just begun to move upward from the zero line, confirming a correct buy entry point

Jakub Novak 08:42 2025-06-17 UTC+2

Intraday Strategies for Beginner Traders on June 17

Pressure on risky assets returned in the afternoon of the U.S. session. This occurred right after euro and pound buyers failed to push prices to new monthly highs despite strong

Miroslaw Bawulski 08:23 2025-06-17 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on June 16th (U.S. Session)

Trade Review and Tips for Trading the Japanese Yen The test of the 144.26 price level in the first half of the day occurred when the MACD indicator had just

Jakub Novak 19:25 2025-06-16 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 16th (U.S. Session)

Trade Review and Tips for Trading the British Pound The test of the 1.3575 level in the first half of the day occurred when the MACD indicator had already risen

Jakub Novak 19:22 2025-06-16 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 16th (U.S. Session)

Trade Review and Euro Trading Tips The test of the 1.1570 level in the first half of the day coincided with the MACD indicator having already moved significantly above

Jakub Novak 19:20 2025-06-16 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on June 16. Analysis of Yesterday's Forex Trades

The test of the 143.94 level occurred when the MACD indicator had already moved far above the zero line, which limited the pair's upside potential. For this reason

Jakub Novak 08:55 2025-06-16 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 16. Analysis of Yesterday's Forex Trades

The test of the 1.1511 level occurred when the MACD indicator had already moved far below the zero line, which limited the pair's downside potential. For this reason

Jakub Novak 08:55 2025-06-16 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 16. Analysis of Yesterday's Forex Trades

The test of the 1.3542 level occurred when the MACD indicator had already moved well below the zero line, which limited the pair's downside potential. For this reason

Jakub Novak 08:55 2025-06-16 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.