USD/CHF: The Monthly Fibs are still in an UP ABCD swing however there is

Tian Kriek

Analyst


November 16, 2018 01:25 AM

BULLISH

Daily Trading Range:
USD/CHF: The Monthly Fibs are still in an UP ABCD swing however there is consolidation between 1.0300 resistance and 0.9600 support. I shall use the 1.0300 pivot as a benchmark for a buy trade target. On the lower time frames the market is too high to buy. Maybe I can get a buy trade at parity

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.9960
Resistance 2: 1.0000
Resistance 1: 1.0300
Current Price 1.0050
Support 1: 0.9600
Support 2: 0.9500
Support 3: 0.9000

Two Hour Chart

Two Hour Chart