The breakout of USD/CHF through the 0.9867 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of USD/CHF to test 0.9886 within the next 14 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
We expect a 87 pip movement on USDJPY for the next 4 hours.
Based on the last 12 Non Farm Payrolls events in United States, we could see a $648 movement…
After testing 0.9094 numerous times, USD/CHF has finally broken through. Can we expect a bearish trend to follow?
USD/CHF has broken through 0.9094 which it has tested numerous times in the past. We have seen it…
It’s time to make a decision on EUR/USD – its recent breach of 1.0739 could be a sign of a new trend to follow.
EUR/USD has breached the resistance line at 1.0739. It may continue the bullish trend towards 1.0765, or, it…