Description:
The counter USDCHF started moving in an ascending triangle.A support trend line tested at the prices 0.88391,0.88682 and 0.88357 and the flat-top resistance line at the price 0.89256. The price is moving near the top line of the triangle and since then there is no indication for a breakout. Buying pressure of the market may pull the price even more upwards. If the price breaks the top line of the channel then the movement of the price will be even more upwards.Long is more preferable for this counter and the bullish trend may continue further.The MACD indicator curves gives additional support to the description.
Major Levels For This Counter Are:
R2:0.8941
R1:0.8913
PP:0.8891
S1:0.8864
S2:0.8842
The counter USDCHF started moving in an ascending triangle.A support trend line tested at the prices 0.88391,0.88682 and 0.88357 and the flat-top resistance line at the price 0.89256. The price is moving near the top line of the triangle and since then there is no indication for a breakout. Buying pressure of the market may pull the price even more upwards. If the price breaks the top line of the channel then the movement of the price will be even more upwards.Long is more preferable for this counter and the bullish trend may continue further.The MACD indicator curves gives additional support to the description.
Major Levels For This Counter Are:
R2:0.8941
R1:0.8913
PP:0.8891
S1:0.8864
S2:0.8842