empty
 
 

28.06.202206:33 Forex Analysis & Reviews: Trading plan for USDCHF on June 28, 2022

Exchange Rates 28.06.2022 analysis

Technical outlook:

USDCHF continues to trade within a tight range between 0.9520 and 0.9550-55 over the past three trading sessions. The currency pair is seen to be trading close to 0.9555 during the Asian session on Tuesday. The pair is expected to push through the 0.9800-0.9900 range in the next few trading sessions. The structure remains bullish until prices stay above 0.9520 in the near term.

USDCHF has been rallying since January 06, 2021, after printing lows at around 0.8760 as seen on the daily chart. The currency pair has produced a strong uptrend between 0.8760 and 1.0064 and has been consolidating thereafter. It seems to have found support just below the Fibonacci 0.382 retracement of its recent upswing between 0.8930 and 1.0064.

If the suggested structure holds well, USDCHF bulls should be back in control soon and push prices through the 0.9800-0.9900 zone as projected on the chart. Potential also remains for a push through the 1.0064 highs before reversing sharply lower again. Traders might be preparing for a turn higher from here with risk below the 0.9500 mark.

Trading plan:

Potential rally through 0.9800-0.9900 against 0.9500

Good luck!

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Oscar Ton,
Especialista em análise na InstaForex
© 2007-2022
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.




  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Ferrari da InstaForex
    Faça um depósito em sua conta de pelo menos $1.000
    participe do concurso e ganhe Ferrari
    F8 Tributo
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Faça um depósito de $3.000 em sua conta e ganhe $1.000
    PARTICIPE DO CONCURSO
  • Bônus de 100%
    Sua oportunidade única de receber um bônus de 100% em seu depósito
    RECEBA O BÔNUS
  • Bônus de 55%
    Solicite um bônus de 55% em cada depósito
    RECEBA O BÔNUS
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS
Não pode falar agora?
Faça sua pergunta no chat.