New to site?


Login

Lost password? (X)

Already have an account?


Signup

(X)
Farooq

Technical Analysis – USDCHF _ 13-02-2019

HomeTechnical AnalysisTechnical Analysis – USDCHF _ 13-02-2019
13
Feb
Technical Analysis – USDCHF _ 13-02-2019

The pair is retreating after surpassing its first target at 1.0060 in an attempt to gain enough bullish momentum due to the bullish signals appearing on the momentum indicators … The possible bullish scenario remains intact as long as the pair remains above the bullish trend line shown on the 4 hour chart to remain the next major resistance target 1.0125
(Scenario 2) …
a breach of the 4-hour uptrend line below 0.9980 might be enough to end the bullish scenario and the price could then target the support level 0.9910 as the first target and then 0.9840 as the second target


Related Posts

Middle East Financial Investment