Para traders

Analytical Reviews

Hot forecast

28.10.202010:51 Forex Analysis & Reviews: USD/CHF Price Action Signals Up Reversal!

Esta información se proporciona a clientes minoristas y profesionales como parte de comunicación de marketing. No contiene y no debe interpretarse como asesoramiento o recomendación de inversión o una oferta o solicitud para participar en cualquier transacción o estrategia en instrumentos financieros. El desempeño pasado no garantiza o predice el desempeño futuro. Instant Trading EU Ltd. no asume ninguna representación ni responsabilidad sobre la precisión o integridad de la información proporcionada, o cualquier pérdida que surja de cualquier inversión basada en el análisis, pronóstico u otra información proporcionada por un empleado de la Compañía o de otra manera. El descargo de responsabilidad completo está disponible aquí.

USD/CHF has rebounded and now is almost to hit some critical upside obstacles. A valid breakout will indicate that the pair will develop a significant leg higher. The price rallies as the USDX has managed to rebound in the short term.

USDX's strong increase should bring a reversal on USD/CHF. Good US data today could support the USD's appreciation. Also, you should be careful around the BOC, this major event could bring high action on the greenback.

USD/CHF Breakout Needs Confirmation!

USD/CHF has jumped above the down channel's resistance and above the median line (ml) of the minor ascending pitchfork. A valid breakout would signal more gains in the upcoming days. The R1 (0.9124) is seen as a resistance as well, so maybe you should wait for a bullish closure above this level as well before going long on this pair.

The pair has retested the lower median line (lml) of the ascending pitchfork confirming it as strong dynamic support. Also, its failure to stabilize under 0.9056 level suggest that the downside movement is over.

USD/CHF Trading Tips

Buy a valid breakout (close and retest) above the downtrend line, median line, and above the R1 (0.9124). The first upside target is seen at the upper median line (uml), around 0.0197 level.

R2 (0.9212) and the R3 (0.9259) could be used as upside targets and obstacles as well. The upside scenario could be invalidated by a false breakout with great separation above the mentioned resistance levels or by a major bearish engulfing.

Volver a la lista

Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.