PRESS RELEASE: USDCHF Surpassed Resistance at $1.01, Targeting $1.03

PRESS RELEASE: USDCHF Surpassed Resistance at $1.01, Targeting $1.03
April 24, 2019
Crypto Daily Roundup – Apr 24, 2019
April 24, 2019

USDCHF Price Analysis – April 23

The Bulls continue pushing the currency pair upward. The currency pair is under strong bullish momentum. The currency pair is already exposed to the supply level of $1.03 with strong momentum and that may be its next target.

 

USDCHF Market

Key Levels:

Supply levels: $1.03, $1.05, $1.07

Demand levels: $1.01, $0.99, $0.97

 

USDCHF Long-term trend: Bullish

USDCHF continues on the bullish trend on the long-term outlook. Last week predicted target ($1.01) was reached. The Bulls increased their momentum and broke up the former supply level of $1.01 on April 18. The retest was carried out on the following day April 19 and the Bulls continue pushing the currency pair upward. The currency pair is under strong bullish momentum.

The currency pair has been trading above the two EMAs and the 21 periods EMA is above the 50 periods EMA and the currency pair are moving away from the two EMAs which connotes strong bullish momentum in the USDCHF pair market.

USDCHF Daily chart, April 23

The Stochastic Oscillator period 14 is above 80 levels trying to bend down to indicate sell signal which may be a pullback in order to increase the USDCHF price. The currency pair is already exposed to the supply level of $1.03 with strong momentum and that may be its next target.

USDCHF Short-term Trend: Bullish

The Bulls are fully in control of the USDCHF market on 4-hour chart. The currency pair trends upward with little or no intervention of the Bears. The price level of $1.01 was broken upside and it is currently rallying towards $1.03 supply level.

USDCHF 4-hour chart, April 23

The Stochastic Oscillator period 14 is above 80 levels (overbought level) and the signal lines pointing down to indicate a sell signal which may be a price retest.

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The post USDCHF Surpassed Resistance at $1.01, Targeting $1.03 appeared first on FXTimes.com – Daily Cryptocurrency and FX News .

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