USD/CHF Technical Analysis 05/01/2018

USD/CHF currency pair continues to move within the ascending channel on the 4H timeframe. At this point one should expect an attempt to test the lower border of the channel near the 0.99 area and continue to grow with a target above 1.1.

In favor of the growth of the USD/CHF pair will be a trend line test on the RSI indicator.  The cancellation of USD/CHF growth will be the fall and breakdown of the area of 0.98, which will indicate the breakdown of the lower boundary of the ascending channel.

USDCHF_STPH4

 

Created by Joshua Hayn

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)
5.0 out of 5 based on 1 rating

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>