USD/CHF weekly forecast & analysis January 7 — 11, 2019


Currency pair USD/CHF Dollar/Franc completes the trading week near the level of 0.9861. The pair continues to move within the correction. Moving averages indicate a bullish trend. At the moment, we should expect an attempt to reduce and test the support area near the level of 0.9745. Further, the continued growth of the pair with a target above the level of 1.0175.

USD/CHF weekly forecast & analysis January 7 — 11, 2019

In favor of the growth of the Dollar/Franc will perform a test line of support on the indicator of relative strength index (RSI). Cancellation of the growth option USD/CHF will be the fall and the breakdown of the area of ​​0.9660. This will indicate the breakdown of the lower boundary of the channel and the continuation of the fall of the pair on Forex. Confirmation of the growth of the pair in the current trading week of January 7 — 11, 2019 will be the breakdown of the resistance area and closing of quotes above the level of 0.9995.

USD/CHF weekly forecast & analysis January 7 — 11, 2019

USD/CHF weekly forecast & analysis January 7 — 11, 2019 implies an attempt to test the support level near the 0.9745 area. Then continued growth of USD/CHF in the area above the level of 1.0175. In favor of growth will make a test trend line on the indicator of relative strength index (RSI). Cancellation of the growth option USD/CHF will be the breakdown of the support area and closing of quotes below the level of 0.9660. This will indicate a continuation of the fall of the pair.


Join our Telegram Channel

Post Comment