Categories: Technical analysis

USDCHF Wave Analysis – 25 November, 2022

• USDCHF reversed from support level 0.9380

• Likely to rise to resistance level 0.9500

USDCHF recently reversed up once again from the key support level 0.9380 (former resistance from March and the multi-month low from August).

The upward reversal from the support level 0.9380 created the daily candlesticks pattern Doji.

Given the oversold Stochastic, USDCHF can be expected to rise further toward the next resistance level 0.9500 (former monthly low from September).

AddThis Website Tools
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

Adobe Wave Analysis – 13 March 2025

Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…

11 hours ago

Apple Wave Analysis – 13 March 2025

Apple: ⬇️ Sell - Apple broke support area - Likely to fall to support level…

11 hours ago

Gold Wave Analysis – 13 March 2025

Gold: ⬆️ Buy - Gold broke resistance level 2962.00 - Likely to rise to resistance…

13 hours ago

EURGBP Wave Analysis – 13 March 2025

EURGBP: ⬇️ Sell - EURGBP reversed from key resistance level 0.8450 - Likely to fall…

13 hours ago

Gold climbs on lower rate speculations

The gold price has resumed updating its all-time highs on the back of speculations around…

18 hours ago

Crypto: just a bumpy downtrend

The crypto market experienced a drop, but towards the end of the week, there was…

19 hours ago