New to site?


Login

Lost password? (X)

Already have an account?


Signup

(X)
Farooq

Technical Analysis – USDCHF _ 04-03-2019

HomeTechnical AnalysisTechnical Analysis – USDCHF _ 04-03-2019
04
Mar
Technical Analysis – USDCHF _ 04-03-2019

The pair is fluctuating around the resistance area 0.9980 – 1.0005, which is supported by the SMA 50 on the 4 hour frame … and the downside remains valid as long as the trades are below the 100 level … The pair could resume its downside move towards 0.9910 as the first target and then support 0.9840 as the second target.
A break above the 100 level with a four hour closing above 1.0035 might end the downside potential and could push the price to test the resistance at 1.0095 at least.


Related Posts

Middle East Financial Investment