Technical analysis of USDCHF Today I choose USD/CHF for technical analysis. USD/CHF fell in early trade, helping its price decline. The dawn trend line has risen above the market price trend line, and now the price market will rise after breaking this trend line. The market price fell and broke the trendline, helping the price to drop. The market price permanently closed above the 50-day moving average, with the price forming new resistance at 0.9016 and support at 0.8904. The market price is close to the support level and the 50-day simple moving average. Therefore, I take the market off this support level, hoping that the strike price will now rise and after breaking the new resistance level, the strike price can move to the next resistance level at 0.9109. I hope tonight's market price will meet my target. {"data-align":"none","data-size":"custom","data-tempid":"temp_5044551_1734810531017_663","height":"553","width":"1172"} If you see the market price in the USD/CHF 1-hour time frame, it means that the market price is rising. The current price range is between minor resistance at 0.9016 and minor support at 0.8912. The market price can now break above this resistance level and move toward the next resistance level and the 200-day simple moving average. The price broke above the 50-day simple moving average. Indicators and technical analysis used in the chart are currently supporting an increase in the market price. If we look at the RSI indicator, the RSI indicator tells us that the market is falling. Currently, the value of the RSI indicator is between 30 and 70, which is at 35.
The indicator used in this chart : 50-day simple moving average color Navy: 200-day simple moving average color Chocolate: RSI indicator period 14: 
