Categories: Technical analysis

USDCHF Wave Analysis 12 November 2024

– USDCHF rising inside impulse wave (C)

– Likely to reach resistance level 0.8900

USDCHF currency pair continues to rise inside the medium-term impulse wave (C), which previously broke the resistance level 0.8730 coinciding with the 50% Fibonacci correction of the downward impulse from July.

The active impulse wave (C) belongs to the longer-term upward impulse sequence (2) from the start of September.

USDCHF currency pair can be expected to rise to the next resistance level 0.8900 (target price for the completion of the active impulse wave (C)).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: USDCHF

Recent Posts

USDJPY Wave Analysis 13 November 2024

- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…

8 hours ago

USDJPY Wave Analysis 13 November 2024

- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…

8 hours ago

WTI crude Wave Analysis 13 November 2024

- WTI crude oil reversed from the multi-year support level 66.70 - Likely to rise…

8 hours ago

Japanese inflation continues to rise

Japanese inflation is rising, with corporate goods prices inflation accelerating to 3.4% y/y in October,…

11 hours ago

Higher US inflation will not stop the Fed from cutting rates

US CPI went in line with expectations, but this hasn't changed the outlook for the…

13 hours ago

Crypto market locks in weekly rally

The crypto market experienced a slight decline in market capitalisation after a week-long rally. Bitcoin…

19 hours ago

This website uses cookies