83% of retail investor accounts lose money when trading CFDs with this provider.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
GCMAsia - USDCHF
USDCHF
USDCHF
2017-03-24
Resistance and Support Level Explanation
Resistance 0.9975 H1
Support 0.9955 H1

USDCHF, H1: USDCHF was traded higher following prior formation of golden cross by both moving average line which suggests an ongoing upward momentum. Recent closure above the resistance level of 0.9955 suggests USDCHF to move further upwards, towards the resistance level of 0.9975.

 

Resistance level: 0.9975, 1.0000

Support level: 0.9955, 0.9940