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04.04.2018 06:35 AM
Daily analysis of USD/CHF for April 3, 2018

USD/CHF

This pair managed to go above the support level at 0.9550, going towards the resistance level at 0.9600 (which would soon be breached to the upside). There is a shallow sale in a context of an uptrend, which would allow long positions to be taken as the price is about to go further upwards, reaching another resistance level at 0.9650.

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The EMA 11 is above the EMA 56, and the Williams' % Range period 20 is around the overbought territory. There is a Bullish Confirmation Pattern in the 4-hour chart, and thus, the price is expected to go further upwards.

Summary
Urgency
Analytic
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