Technical analysis of USD/CHF 03/02/2021

The USD/CHF currency pair on the daily chart has broken up the downtrend line and (MA 200). Currently, the quotes are at the level of 0.9200 (38.2% Fib). The technical picture is such that an upward correction up to 0.9330 (50% Fib) is possible. Convergence on the RSI indicator favors the formation of the pair’s growth. Cancellation of the growth option will be a price decrease below the previous high of 0.9040 (23.6% Fib).


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Your email address will not be published.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>