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Weekly forecast US Dollar / Swiss Franc technical chart
Symbol USDCHF

Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateApril 2, 2022 - 15:54
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 0.90850, resumption of uptrend is expected.
  • We make sure when the resistance at 0.93580 breaks.
  • If the support at 0.90850 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 0.91940 on 03/31/2022, so more gains to resistance(s) 0.92770 and maximum to Major Resistance (0.93580) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 48.

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