USD/CHF has broken through a resistance line. Because we have seen it retrace from this price in the past, one should wait for confirmation of the breakout before trading. It has touched this line numerous times in the last 9 days and suggests a possible target level to be around 0.9294 within the next 2 days.
Related Posts
EURUSD – It’s perhaps in these huge moves where the greatest opportunity lies
A movement of 2.89% over 25 days on EURUSD doesn’t go unnoticed. You may start considering where it’s…
A Descending Triangle has formed, AUDUSD is approaching resistance. Can we expect a breakout and the start of a new trend or a reversal?
Emerging Descending Triangle pattern in its final wave was identified on the AUDUSD 4 hour chart. After a…
USDJPY heading towards a price it has tested 5 times in the recent past.
The movement of USDJPY towards 145.4625 price line is yet another test of the line it reached numerous…