09.04.202109:57 Forex Analysis & Reviews: USDCHF facing bearish pressure, potential for further downside!

Exchange Rates 09.04.2021 analysis

Prices are facing bearish pressure from pullback resistance which is in line with 100% Fibonacci extension and 61.8% Fibonacci retracement. Prices might push down towards 1st support, in line with 78.6% FIbonacci extension and -27.2% Fibonacci retracement fibonacci confluence area. If prices push up further, prices might face resistance from 2nd resistance in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. The Ichimoku cloud is above prices, showing a bearish pressure on prices.

Trading Recommendation

Entry: 0.92681

Reason for Entry:

Horizontal pullback support, 100% Fibonacci extension, 61.8% Fibonacci retracement

Take Profit: 0.92193

Reason for Take Profit:

-27.2% Fibonacci retracement, 78.6% Fibonacci extension

Stop Loss: 0.92888

Reason for Stop Loss:

Horizontal swing high resistance, 161.8% Fibonacci extension, 78.6% Fibonacci retracement

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Show more
ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.