empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

09.02.202305:14 Forex Analysis & Reviews: Technical Analysis of Weekly Price Movement of USD/CHF Main Currency Pairs, Thursday February 09, 2023.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 09.02.2023 analysis

After USD/CHF main currency pairs succesfully breaks above Equal High on the level 1,0027 which was the target of the BULL movement on the weekly chart of the currency, now USD/CHF is being pulled down where this has been confirmed by the appearance of a deviation between the price movement and the Awesome Oscillator indicator and the halting of its weekly upward correction movement by the Dynamic Resistance of the 10 weeks average price movement, so that within the next few days USD/CHF will try to move down to get to its BEARISH target level at the level of 0.8925 but if on its way to the target level previously mentioned USD/CHF suddenly undergoes a correction upwards past the level 0.9370 then most likely the current Bearish bias will be restrained and possibly reverse direction so that the scenario previously described will become invalid and automatically cancel itself.

(Disclaimer)

Arief Makmur
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off