USDCHF has broken through a line of 0.8647 and suggests a possible movement to 0.8612 within the next 7 hours. It has tested this line numerous times in the past, so one should wait for a confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 5 days.
Supported by Downward sloping Moving Average
Target: 0.8612 Entry: 0.8639 Stop: 0.8667
An emerging Channel Down has been detected on NZDUSD on the 4 hour chart. There is a possible move towards 0.6038 next few candles. Once reaching support it may continue
Emerging Channel Down detected on USDCHF – the pattern is an emerging one and has not yet broken through resistance, but the price is expected to move up over the
You would be well advised to confirm the breakout that has just occurred – do you believe the move through resistance to be significant? Do you have confirming indicators that