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Technical analysis

24.04.201800:06 Forex Analysis & Reviews: Technical analysis and trading recommendations for the USD / CHF currency pair as of April 23, 2018

Long-term review

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The USD / CHF currency pair, as predicted in the previous review, continued its upward movement, reaching the level of 0.9770. Now, we see a slight slowdown with the preservation of "bullish" interest. It is possible to assume that there is a characteristic overheating of long positions, but the "bullish" interest is not letting go of the market. We can expand two possible variations. The stagnation within 0.9740 / 0.9800, wherein the case of the weakening of bullish interest, we see a fixation below 0.9740, where it would be worthwhile to consider short positions, resulting in a correction. The second variation, after a slight wagging within the level (0.9770) we will see a fixation above the level, opening the way to the subsequent value of 0.9850.

Key Levels

Resistance -0.9770; 0.9850 *; 0.9960.

Support -0.9650 *; 0.9540 *; 0.9400; 0.9180.

Periodic level *

Attention: Forecasts are not a direct guide to action!

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