USD/CHF intraday: the upside prevails as long as 0.8952 is support

Trading Central 2021-02-20 04:51:05

Our pivot point stands at 0.8952.

Our preference: the upside prevails as long as 0.8952 is support.

Alternative scenario: the downside breakout of 0.8952 would call for 0.8942 and 0.8936.

Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 0.8953 and 0.8955).

Supports and resistances:

0.8995 **

0.8989 *

0.8983 **


0.8964 last


0.8952 **

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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