USDCHF is pivoting around the daily pivot point.

EURUSD Technical Analysis
Resistance 1.1329 1.1401 1.1475
Support 1.1183 1.1109 1.1037
Primary Scenario EURUSD is negotiating slightly below the daily pivot point at 1.1255. A persistent trading below this level will trigger the market to retest the support level at 1.1183 and even lower at 1.1109.
Alternative Scenario A higher thrust of the exchange rate will lift the market above the daily pivot, with immediate target the resistance at 1.1329.


GBPUSD Technical Analysis GBPUSD H4 Up Trend
Resistance 1.5559 1.5602 1.5671
Support 1.5447 1.5377 1.5335
Primary Scenario The pair is gyrating the daily pivot at 1.5490. Any aggressive movement to the north will generate strength for GBPUSD to target the resistance at 1.5559 and then higher at 1.5602.
Alternative Scenario A reversal back below the daily pivot point will push prices to find support at 1.5447.


USDCHF Technical Analysis USDCHF H4
Resistance 0.9391 0.9452 0.9499
Support 0.9283 0.9237 0.9176
Primary Scenario USDCHF is pivoting around the daily pivot point (0.9344). A plunge of the currency pair will push the market to retest the support level at 0.9283. Further slide of the exchange rate will lead the pair deeper down to 0.9237.
Alternative Scenario On the other hand, a successful penetration above the daily pivot will fuel the pair to target the resistance at 0.9391.


USDJPY Technical Analysis USDJPY H4
Resistance 123.54 124.01 124.30
Support 123.35 122.86 122.44
Primary Scenario The bearish scenario is still in force. A decisive movement to the south will push the pair to violate the support at 123.35, opening the way down to 122.86.
Alternative Scenario Alternatively, a bullish momentum would lead USDJPY to thrust the hurdle at 123.54, targeting the forthcoming resistance level at 124.01.


AUDUSD Technical Analysi AUDUSD H4
Resistance 0.7799 0.7845 0.7899
Support 0.7699 0.7646 0.7600
Primary Scenario AUDUSD is oscillating around the daily pivot at 0.7746. Any forceful attempt to breach the support level at 0.7699 will pave the way down to 0.7646.
Alternative Scenario Should the pair manage to exceed the daily pivot, the next resistance is seen at 0.7799.


The post USDCHF is pivoting around the daily pivot point. appeared first on Forex Circles.

Source:: USDCHF is pivoting around the daily pivot point.

About the Author
ForexTime Ltd (FXTM) is an award winning international online forex broker regulated by CySEC. Our mission is to maximize the value our clients derive from their most precious commodity, "Time"! By offering advanced and innovative services, optimal customer care and perpetual devotion to our clients, we will ensure that their individual needs are always met as markets continue to evolve over time. Visit ForexTime to learn more [space height="20"] [social type="facebook"][/social] [social type="twitter"][/social] [social type="google-plus"][/social] [social type="youtube"][/social]

Related Posts

Leave a Reply