USDCHF approaching resistance, potential drop!
USDCHF is approaching our first resistance at 0.9918 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 0.9827 (horizontal overlap support, 78.6% Fibonacci retracement, 61.8% Fibonacci extension). A breakout below our intermediate support at 0.9856 (horizontal swing low support) might provide the bearish acceleration to our major support level.
Stochastic (55,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (55,5,3) is also approaching its resistance and a reaction off this level might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Come join us today at : easymarkets.com/
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.