USDCHF Price Is Ranging Within $0.928 and $0.924 Levels – Cryptovibes.com – Daily Cryptocurrency and FX News
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USDCHF Price Analysis – February 15
In case the bulls can push the price above the $0.928 level, then $0.931 and $0.936 may be the next target level. Ability to push the price below the $0.924 level may decrease the price towards the support levels at $0.914 and $0.909.
Key Levels:
Supply levels: $0.928, $0.931, $0.936
Demand levels: $0.924, $0.914, $0.909
USDCHF Long-term Trend: Ranging
On the long-term outlook, USDCHF is on the ranging movement. The bulls are exerting more pressure, bears are opposing the pressure. In the same way, bears are gaining more momentum and the bulls are interrupting the pressure. In other words the currency pair is on the ranging movement within the resistance level of $0.928 and the support level of $0.24 level.
The price is trading between the 9 periods EMA and 21 periods EMA which indicate a weak sell and buy signal. The 9 periods EMA is above the 21 periods EMA upside to indicate buy signal. In case the bulls can push the price above the $0.928 level, then $0.931 and $0.936 may be the next target level. Ability to push the price below the $0.924 level may decrease the price towards the support levels at $0.914 and $0.909. The relative strength index period 14 is flat to the 55 levels which indicates that consolidation is in progress.
USDCHF Medium-term Trend: Ranging
USDCHF is on the ranging movement in the 4-hour chart. There is strong struggling between the buyers and the sellers. Bulls are trying to take over the USDCHF market but the bears are opposing the movement. The price is ranging within the support level of $0.924 and the resistance level of $0.928.
The relative strength index period 14 is not displaying a specific direction which indicate that consolidation is in progress. Meanwhile, the price is trading over and around the 9 periods EMA and 21 periods EMA which indicate a ranging market.
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