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USDCHF is following an uptrend.

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EURUSD Technical AnalysisEURUSDH4Down Trend
Resistance1.12101.12451.1273
Support1.11471.11191.1084
Primary ScenarioEURUSD is now poised to retest the support level at 1.1147. If the pair achieves to violate this level, it will target the support level at 1.1119 and then lower at 1.1084.
Alternative ScenarioA higher thrust of the market will push the exchange rate to penetrate the daily pivot at 1.1182. The next resistance is seen at 1.1210.

 

EURUSDH4

GBPUSD Technical AnalysisGBPUSDH4Down Trend
Resistance1.53881.54191.5442
Support1.53351.53131.5282
Primary ScenarioThe pair is negotiating near the previous low below the daily pivot at 1.5366. A sustained trading below this level will push prices lower towards the support level at 1.5335 and further down to 1.5313.
Alternative ScenarioShould the pair manage to exceed the daily pivot, it will climb towards the resistance at 1.5388.

 

GBPUSDH4

USDCHF Technical AnalysisUSDCHFH4Up Trend
Resistance0.96290.96540.9690
Support0.95680.95310.9507
Primary ScenarioUSDCHF is following an uptrend. If the pair manages to extend its momentum, it will fuel the market to surpass the hurdle at 0.9629 with immediate target the forthcoming resistance level at 0.9654.
Alternative ScenarioA plunge of the marker will push prices to find support at the daily pivot at 0.9593.

 

USDCHFH4

USDJPY Technical AnalysisUSDJPYH4Up Trend
Resistance119.82120.25120.47
Support119.53119.14118.67
Primary ScenarioThe pair is moving sideways. A decisive movement to the north will trigger the market to target the resistances at 119.82 and 120.25.
Alternative ScenarioA comeback of USDJPY will lead the pair to breach the support at 119.53. The next support is estimated at 119.14.

 

USDJPYH4

AUDUSD Technical AnalysiAUDUSDH4Up Trend
Resistance0.78550.78960.7949
Support0.77620.77090.7668
Primary ScenarioAUDUSD bounced up from the previous bottom and managed to exceed the daily pivot point at 0.7803. A successful attempt to penetrate the resistance at 0.7855 will fuel the pair further towards the resistance level at 0.7896.
Alternative ScenarioA setback of the pair will lead the market below the daily pivot to retest the key level at 0.7762.

 

AUDUSDH4

The post USDCHF is following an uptrend. appeared first on Forex Circles.

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