USDCHF today reversed up sharply from the support area lying between the key support level 0.9630 (which reversed the price twice in January) and the lower daily Bollinger Bad.
The upward reversal from this support area is likely to form the daily candlesticks reversal pattern Hammer – if the pair closes today near the current levels.
Given the bullish divergence on the daily Stochastic – USDCHF is likely to rise further toward the next round resistance level 0.9700.
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
This website uses cookies