forex.pm forex forum binary options trade - Forex - USDCHF higher this week and above a swing area. What next?
  • Welcome to forex.pm forex forum binary options trade. Please login or sign up.
 

USDCHF higher this week and above a swing area. What next?

Started by forex4you, Sep 16, 2023, 10:09 am

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

forex4you

USDCHF higher this week and above a swing area. What next?

This week, the USDCHF has experienced an upward price movement, consistently remaining above the key swing area range of 0.89347 to 0.89472.

The price surpassed this range in yesterday's trading session and has maintained its position above this threshold today. Looking upwards, there's a notable trend line at 0.8984, followed by a significant range between 0.8997 and 0.90165. Additionally, the falling 200-day moving average is pegged at 0.90408, serving as potential targets if the upward momentum continues.

Conversely, for the bullish sentiment to be challenged, the price would need to drop below 0.8947 and further to 0.89347. If it breaches this level, traders would set their sights on the previously surpassed 61.8% retracement level from the late May peak, which stands at 0.89204. Move below that level, and I would expect more downside potential with the 100 day moving average of 0.88792 as the key target



                This article was written by Greg Michalowski at www.forexlive.com.

Source: USDCHF higher this week and above a swing area. What next?

forexlive.com
Forex4you offers wide range of trading accounts with DDE, NDDE and STP executions including more than 100 instruments. Forex4you is based on MetaTrader 4 trading platform. Clients have the advantage of daily technical and fundamental analysis, one-click trading, economic calendar, mobile trading applications, news and forecasts from Dow Jones (UK) and signals from Trading Central (US). In addition, Forex4you offers Forex dictionary, educational materials and lot of "How to" guides about Forex.

forex4you.com   share4you.com   betiforex.com Forex  beginners-guide-to-iq-option-complete-review forex4you review forex4you Forex4you Review - One of the Best Forex Brokers Forex4you Review - One of the Best Forex Brokers forex4you - PAMM forex broker review and feedback from traders forexbinaryoption.ae aroundworld24.com  Affiliate programs  Forex4you Affiliate programs   



forex4you.com