The price of USD/CHF in heading in the direction of 0.8388. Despite the recent breakout through 0.8441 it is possible that it will struggle to gain momentum to the forecast price and move back in the other direction. This has happened many times in the past so watch for a possible bounce back.
Related Posts
An unexpected large move has occurred on USDCHF 1 hour chart! Is this a sign of something new? What can we expect?
For those of you that don’t believe in trends, this may be an opportunity to take advantage of…
CHFJPY – approaching a price line that has been previously tested numerous times in the past
CHFJPY is moving towards a key resistance level at 176.6890. CHFJPY has previously tested this level 3 times…
EURCAD – approaching a support line that has been previously tested at least twice in the past
EURCAD is moving towards a support line which it has tested numerous times in the past. We have…