Overview:Pivot point: 0.9733Trend: downtrendThe USD/CHF pair has broken support at the level of 0.9780 which acts as a resistance now. The USD/CHF pair continues to move downwards from the areas of 0.9780 and 0.9733. The RSI is still signaling that the trend is downward, while the moving average...
Today, the pair is testing the 1/2 control zone and defines the resistance of 0.9775-0.9765. In the case of the formation of a "false breakdown" pattern, the downward movement will again become a priority. It is better to refrain from sales since the instrument is located within the lower monthly...
GBP/JPY
The downward wave of July 25 is at the end of the medium-term bearish trend. Since the beginning of August, a correction has been formed along the upper boundary of the support zone in the flat corridor. Its structure lacks the final section.
Forecast:
Today, the current bullish wave...
GBP/USD
The bearish trend of the English currency is medium-term, set by a wave from mid-March. Its final section has been counting since June 25. By the current day, the wave structure looks complete. The price reached the upper limit of the support zone of a large TF.
Forecast:
In the coming...
Overview:The weekly pivot point is set at the point of 0.9818 on the H4 chart since last week. The USD/CHF pair broke support which turned to strong resistance at the level of 0.9818. The level of 0.9818 coincides with a golden ratio (38.2% of Fibonacci), which is expected to act as major 0.9818...
USDCHF is testing our first resistance where we are expecting a drop below this level.Entry: 0.9966Why it's good : Horizontal overlap resistance, 61.8% Fibonacci extension, 50% Fibonacci retracementStop Loss : 1.0013Why it's good : horizontal overlap resistanceTake Profit : 0.9885Why it's good:...
Overview: The USD/CHF pair is trading around the spot of 0.9920. The resistance is seen at the level of 0.9928 and 1.0013. Moreover, the price area of 0.9928 and 1.0013 remains a significant resistance zone. Therefore, there is a possibility that the USD/CHF pair will move downside and the...
The first support in the form of 1/4 WCZ of 0.9890-0.9885 was tested yesterday, which led to an increase in demand. Purchases made after the specified test should be transferred to breakeven after updating the weekly maximum. Further growth is possible before the weekly CZ of 1.0047-1.0025, which...
USD/CHF
The direction of short-term price fluctuations of the Swiss franc is given by the algorithm of the upward wave of June 25. Within the framework of the structure, the last part (C) has been formed since July 19. The wave lacks the final segment. Since the end of last week, the price is...
Overview: The USD/CHF pair is trading around the spot of 0.9920. The resistance is seen at the level of 0.9928 and 1.0013. Moreover, the price area of 0.9928 and 1.0013 remains a significant resistance zone. Therefore, there is a possibility that the USD/CHF pair will move downside and the...
