Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9165). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9156). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Even though it looks like a strong downtrend in the 4H timeframe, the price has hit a strong demand zone. This could trigger a potential reversal till 0.938 or more.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.9405). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. USDCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic...
Hey traders,
Hope you had a good trading week.
Lets see an idea for the following week on USDCHF 1D Chart. Price at the key support level and had a confirmation green candle.
Simple Price action trading taking place here. We can see an Upward movement till 0.95241, 0.95548 levels.
Keep eyes on DXY index as it has a major influence on USD pairs. We can see a...
