Main Quotes Calendar Forum
flag

FX.co ★ USD/CHF testing major support, prepare for a bounce

parent
Forex Analysis:::2018-01-19T02:52:14

USD/CHF testing major support, prepare for a bounce

The price is testing major support at 0.9569 (ABC Fibonacci extension, 76.4% Fibonacci extension, horizontal swing low support) and we expect the price to make a nice bounce above this level to push it up to at least 0.9699 resistance (Fibonacci retracement, horizontal pullback resistance).

Stochastic (34,5,3) is seeing major support above 5.8% where a corresponding bounce is expected.

Buy above 0.9569. Stop loss at 0.9501. Take profit at 0.9699.

USD/CHF testing major support, prepare for a bounce

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...