DESCRIPTION
The counter USDCHF is traveling between the price range of 0.8940 and 0.8890 in the pennant. Determining the trend of the counter is very tough when it is in the pennant. But the buying pressure of the market may propel the price even more upwards. Hence there is possible of breaking the top line of the pennant. The bullish trend is expected to start soon for this counter. The MACD indicator curves started moving upwards which gives additional support to the description.
The major levels for this counter are
R2 –0.8967
R1 –0.8944
PP –0.8908
S1 –0.8885
S2 –0.8849
The counter USDCHF is traveling between the price range of 0.8940 and 0.8890 in the pennant. Determining the trend of the counter is very tough when it is in the pennant. But the buying pressure of the market may propel the price even more upwards. Hence there is possible of breaking the top line of the pennant. The bullish trend is expected to start soon for this counter. The MACD indicator curves started moving upwards which gives additional support to the description.
The major levels for this counter are
R2 –0.8967
R1 –0.8944
PP –0.8908
S1 –0.8885
S2 –0.8849