empty
 
 
24.03.2021 01:32 PM
USD/CHF Resumes Its Upside Journey As Expected!

This image is no longer relevant

USD/CHF has finally managed to jump above 0.9313 upside obstacle and it seems determined to approach and reach new highs.

I've told you in my former analyses that jumping above this obstacle, resistance, indicates that the pair should resume its uptrend line.

The bias is bullish, USD/CHF could continue to increase as long as it stays above the uptrend line. The 0.9375 higher high is seen as the next upside target.

Trading Conclusion!

Jumping far above 0.9313 immediate former high is seen as a buying opportunity with the first target at 0.94 psychological level. A larger growth could be confirmed if USD/CHF passes above the 0.9400 level.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback