Technical analysis of USD/CHF 07/25/2019

The USD/CHF currency pair is growing and trading at 0.9900, forming the “head and shoulders” figure on a 1D timeframe.
If the pair take hold above this level, then this will assume the further growth as part of the development of the projection of the figure with a target in the area of 1.0180.
Cancellation of the growth of the pair within the framework of the head and shoulders figure will be falling below 0.9800 (right shoulder), what indicate the cancellation of the figure and the likely further decline in quotes to the 0.9700.

USDCHF_STPDaily

Created by Joshua Hayn

VN:F [1.9.22_1171]
Rating: 5.0/5 (3 votes cast)
5.0 out of 5 based on 3 ratings

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Your email address will not be published.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>