USD/CHF Technical Analysis

(0,9283) The USD/CHF confirmed on Friday a weak closing but it failed to confirm a break of the support of the inside day at 0,9260. The drop found however good support above the former resistance line, now support at 0,9210!! The weekly closing was negative however while remaining interior the previous weeks’ range!! The indicators of the daily chart are however still well positive but those of the weekly one remain below the line. The indicators of the s/t charts are mixed suggesting further consolidation/ correction. Possible a return toward the 200 hours line at 0,9309. However, the hourly chart is also showing a positive reversal suggesting a possible target at 0,9434!! We stay on the sideline waiting for further confirmations!!!!

Click here to read the full report: USDCHF 01.28

 

Future Trend Research