USDCHF is heading towards the resistance line of a Channel Down and could reach this point within the next 2 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Target: 0.8879 Entry: 0.8826 Stop: 0.8777
DAX 40 is moving towards a line of 18551.8008 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so
Emerging Channel Up detected on DAX 40 – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over
USDCHF was identified at around 0.90761 having recently rebounded of the support on the 1 hour data interval. Ultimately, the price action of the stock has formed a Channel Up