empty
 
 
01.06.2018 12:22 PM
Daily analysis of USD/CHF for June 1, 2018

USD/CHF

This market has been going downwards gradually, forming a clear bearish bias. The week has generally been bearish and price is approaching the support level at 0.9850 gradually and it would soon breach it to the downside. After which price would target another support level at 0.9800.

This image is no longer relevant

A continuation of the bearish movement is expected today or early next week. There is a Bearish Confirmation Pattern in the market, and the bias is bearish. The Williams' % Range period 20 is almost into the oversold region.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback