USDCHF trend forecast January 29, 2025
The USD/CHF regains footing after experiencing a 0.45% decline on Monday due to widespread US Dollar weakness. Despite briefly testing the convergence of the 50-day Simple Moving Average (SMA) and a support trendline stemming from the October 2024 lows at 0.8982, buyers stepped in to lift the pair above the 0.9000 mark. As a result, the pair climbed over 0.26% during Tuesday’s session.
USDCHF had a good increase at the beginning of the week, broke the H1 resistance, sideways for 1 beat and expected to continue increasing in price.
/// BUY USDCHF : zone 0.90350 - 0.90200
SL: 0.90000
TP: 40 - 70 - 100pips ( 0.91200 )
Safe and profitable trading
The USD/CHF regains footing after experiencing a 0.45% decline on Monday due to widespread US Dollar weakness. Despite briefly testing the convergence of the 50-day Simple Moving Average (SMA) and a support trendline stemming from the October 2024 lows at 0.8982, buyers stepped in to lift the pair above the 0.9000 mark. As a result, the pair climbed over 0.26% during Tuesday’s session.
USDCHF had a good increase at the beginning of the week, broke the H1 resistance, sideways for 1 beat and expected to continue increasing in price.
/// BUY USDCHF : zone 0.90350 - 0.90200
SL: 0.90000
TP: 40 - 70 - 100pips ( 0.91200 )
Safe and profitable trading
Trade active
Great , has near 25 pips BUY USDCHF ( 0.90350 - 0.90200 ) Trade closed: target reached
Amazing , has near 50 pips BUY USDCHF ( 0.90350 - 0.90200 )
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MOON | Forex Academy hopes to bring the best experience to the Forex community
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
💠 FREE SIGNAL
💠 Update the fastest news
💠 Trend analysis: XAU, BTC, Currency,...
💠free channel:
" t.me/+FK9DbU7tLiJiNDJl "
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.