USD/CHF has broken through a resistance line of a Triangle and suggests a possible movement to 0.9853 within the next 17 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 5 days.
Related Posts
GBPCHF seems to be on its way to support – a possible opportunity?
GBPCHF is moving towards a key support level at 1.0950. GBPCHF has previously tested this level 3 times…
USDCHF has formed 5 bearish candles successively, what is the probability of getting another bearish candle?
Due to the rate of consecutive bearish candles on USDCHF Daily chart we could be in for a…
Important support line being approached by CHFJPY. This price has been tested numerous time in the last 2 days
CHFJPY is moving towards a support line. Because we have seen it retrace from this line before, we…