Facebook
 
 

15.01.202112:23 Forex Analysis & Reviews: USD/CHF Upside Still Under Question!

USD/CHF has shown oversold signals lately buy is still premature to talk about a larger bullish reversal as long as the price is trading below 0.8919. The pair moves sideways in the short term and I really hope that today's US data could bring a clear direction.

The price has developed a reversal pattern in the short term, so validating this structure could bring a buying opportunity as well. Today's data could be decisive, better than expected US figures could boost the pair, while poor numbers will keep the rate deep in the seller's territory.

USD/CHF Inverse Head & Shoulders!

Exchange Rates 15.01.2021 analysis

USD/CHF is traded above the ascending pitchfork's median line (ml) and right below 0.8919 critical static resistance. Breaking through the 0.8919 level and above the upper median line (uml) signals an upside breakout and brings a long opportunity.

Dropping and stabilizing again below the median line (ml) invalidates further growth, the bullish reversal. The price has found strong resistance at the R1 (0.8904) and now it could pressure the median line (ml).

Trading Tips!

Buy only a valid breakout above the 0.8919 and through the upper median line (uml). Closing above the R2 (0.8958) will definitely validate an upwards movement towards 0.91 and 0.92 psychological levels.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Ralph Shedler,
Experto Analítico
Grupo InstaForex © 2007-2021
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.