Main Quotes Calendar Forum
flag

FX.co ★ Daily analysis of USD/CHF for May 11, 2018

parent
Forex Analysis:::2018-05-11T02:13:42

Daily analysis of USD/CHF for May 11, 2018

USD/CHF

This is a ranging market as the instrument ranges between the support level at 1.0000 (a great psychological level) and the resistance level at 1.0050. The consolidation has been going on for a few days, but there would soon be a breakout in the market, which would most probably favor bulls.

Daily analysis of USD/CHF for May 11, 2018

The situation in the market has largely remained unchanged this week. The EMA 11 is above the EMA 56, and the Williams' % Range period 20 is in the overbought region. There is a Bullish Confirmation Pattern in the market.

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...