traderpulse

USD/CHF Technical analysis

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
The counter is in a bullish trend forming higher highs and higher lows.
It moved past a critical resistance of 1.01263 in its uprally as well.
Prior to the FOMC meeting, the counter has a profit booking sell-off which can be attributed to a flag pattern , technically.
The post-meeting press conference has bolstered bullish confidence in the counter, which can be seen via a bullish engulfing candle.
Also, the broken resistance of 1.01263 is lending support to the price action.
Hence we expect the pair to move to the levels of 1.02272 and 1.02678.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out