USDCHF analysis for 06.12.2021
There may be further selling chances if prices go below 0.91770 and break through the uptrend line. New buying chances might be found above 0.92130 if the USD/CHF remains above its uptrend line and jumps over 0.92130.
The support rests at 0.92010 with resistance at 0.92110. The pivot point at 0.92050 is located above the price line. The EMA of 10 is moving horizontally below the EMA of 200 and the EMA of 100.
Stochastic is moving in the high ranges. The RSI is moving toward the level of 70 and the ADX is not showing a clear signal. The MACD histogram is in positive territory with the signals showing an upward momentum.
• There is resistance at 0.92110, followed by resistance at 0.92150 and 0.92210.
• There is support at 0.92010. Below, there is 0.91950 and 0.91910.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.