Created
: 2024.11.22
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
USD/CHF Price Forecast: Resumes uptrend after pullback
World FX news
Breaking news
USD/CHF Price Forecast: Resumes uptrend after pullback
New
2024.11.22 23:28
2024.11.22 23:28
2024.11.22 23:28
- USD/CHF is resuming its dominant uptrend after a short correction.
- The short and medium-term trends are bullish indicating odds favor a continuation higher.
USD/CHF is striking higher again after a brief pullback from overbought levels. It is surging on Friday as it thrusts up towards the next key targets at 0.9000 - a whole-number psychological level - and 0.9050, the July 30 swing high.
USD/CHF Daily Chart
USD/CHF is in an established short-term uptrend which means the odds favor more upside. This is due to the theory in technical analysis that "the trend is your friend" which advocates trading in the direction of the dominant trend.
The Relative Strength Index (RSI) has almost reached above 70 again, suggesting price is close to levels where it would be considered overbought. If the RSI closes above 70 traders are advised not to add to their long positions for risk of the price pulling back.
Last updated
: 2024.11.22
Related articles
US Dollar retraces from two-year high after PMI data, geopolitical uncertainty prevails
2024.11.23 03:08Mexican Peso slumps, shrugging off solid data
2024.11.23 02:37EUR/CAD Price Analysis: Pair extended losing streak, fell to lowest since February
2024.11.23 00:51GBP/USD Price Forecast: Declines on disappointing data, tumbles to 1.2500
2024.11.23 00:01GBP/ZAR Price Forecast: Early-warning signs the short-term trend may reverse
2024.11.22 23:50USD/CHF Price Forecast: Resumes uptrend after pullback
2024.11.22 23:27
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
Gold price reaches two-week peak as US yields fall, geopolitical tensions rise
Gold price rallies to a new two-week high on Friday during the North American session as US Treasury bond yields drop.
New
2024.11.23 04:55Dow Jones Industrial Average soars another 350 points
The Dow Jones Industrial Average (DJIA) has snapped its recent soft patch, extending its midweek bullish pivot into a firm Friday performance.
New
2024.11.23 03:56US Dollar retraces from two-year high after PMI data, geopolitical uncertainty prevails
In Friday's session, the US Dollar Index (DXY) declined slightly after reaching a new two-year high amidst geopolitical instability.
New
2024.11.23 03:08Mexican Peso slumps, shrugging off solid data
The Mexican Peso retreats for the third straight day versus the US Dollar, although economic data suggests the country's economy grew in the third quarter while inflation edged lower.
New
2024.11.23 02:37A (local) peak in Gold is now imminent - TDS
The downturn in Gold prices underscored by sharp liquidations from macro funds lined up exceptionally well with historical patterns surrounding drawdowns associated with macro fund liquidations from extreme levels, averaging between 7-10% over the last decade, TDS' Senior Commodity Strategist Daniel Ghali notes.
New
2024.11.23 01:02EUR/CAD Price Analysis: Pair extended losing streak, fell to lowest since February
The EUR/CAD extended its losing streak to four sessions, falling to a low since February on Friday.
New
2024.11.23 00:51GBP/USD Price Forecast: Declines on disappointing data, tumbles to 1.2500
The Pound Sterling extends its losses against the Greenback for the third straight day, is down 0.47% after UK Flash PMIs and Retail Sales data disappointed investors.
New
2024.11.23 00:01GBP/ZAR Price Forecast: Early-warning signs the short-term trend may reverse
GBP/ZAR has formed a temporary bottom after a steep sell-off.
New
2024.11.22 23:50USD/CHF Price Forecast: Resumes uptrend after pullback
USD/CHF is striking higher again after a brief pullback from overbought levels.
New
2024.11.22 23:27NZD/USD Price Analysis: More downside looks likely towards 0.5770
The NZD/USD pair rebounds slightly after posting a fresh yearly low near 0.5820 in the North American session on Friday.
New
2024.11.22 23:24Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
