For Traders

Analytical Reviews

Trading plan

28.06.202206:33 Forex Analysis & Reviews: Trading plan for USDCHF on June 28, 2022

Tieto informácie poskytujeme retailovým a profesionálnym klientom ako súčasť marketingovej komunikácie. Neobsahujú investičné poradenstvo, investičné odporúčania, ponuku ani výzvu na vykonanie transakcie alebo použitie stratégie na finančných nástrojoch a ani by sa tak nemalo s nimi zaobchádzať. Minulá výkonnosť nie je zárukou ani predikciou budúceho výkonu. Spoločnosť Instant Trading EU Ltd. neručí a nepreberá žiadnu zodpovednosť za správnosť a úplnosť poskytovaných informácií ani za stratu, ktorá by vyplynula z akejkoľvek investície založenej na analýze, predpovedi alebo iných informáciách poskytnutých zamestnancom spoločnosti alebo iným spôsobom. Celé vylúčenie zodpovednosti nájdete tu.

Technical outlook:

USDCHF continues to trade within a tight range between 0.9520 and 0.9550-55 over the past three trading sessions. The currency pair is seen to be trading close to 0.9555 during the Asian session on Tuesday. The pair is expected to push through the 0.9800-0.9900 range in the next few trading sessions. The structure remains bullish until prices stay above 0.9520 in the near term.

USDCHF has been rallying since January 06, 2021, after printing lows at around 0.8760 as seen on the daily chart. The currency pair has produced a strong uptrend between 0.8760 and 1.0064 and has been consolidating thereafter. It seems to have found support just below the Fibonacci 0.382 retracement of its recent upswing between 0.8930 and 1.0064.

If the suggested structure holds well, USDCHF bulls should be back in control soon and push prices through the 0.9800-0.9900 zone as projected on the chart. Potential also remains for a push through the 1.0064 highs before reversing sharply lower again. Traders might be preparing for a turn higher from here with risk below the 0.9500 mark.

Trading plan:

Potential rally through 0.9800-0.9900 against 0.9500

Good luck!

Back to the list

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.