0
0
April 01, 2021 at 04:13PM
• USDCHF reversed from 0.9460
• Likely to fall to support level 0.9380
USDCHF recently reversed down from the long-term resistance level 0.9460 (former monthly high from July) – strengthened by the upper daily Bollinger Band.
The downward reversal from this resistance area stopped the previous upward impulse waves (v) and 3 of the sharp upward impulse wave (C) from February.
Given the bearish divergence on the daily Stochastic indictor, overbought daily Stochastic – USDCHF currency pair is likely to fall toward the next support level 0.9380 (former top of wave 1 from the start of March).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/usdchf-wave-analysis-1-april-2021-20210401/
Selected by fonecable.com
Search Web: USDCHF Wave Analysis 1 April, 2021
Recent Posts
- Crude Oil Over Crypto
- US Dollar Price Action Setups pre-CPI: EUR/USD, GBP/USD, USD/JPY
- Cathie Wood & Ark: Insiders Aren’t Buying the Hype
- Breaking News: ECB Holds Rates, Setting up July and September for Fireworks
- Currency Carry Trade: What is it and how does it work?
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
