USD/CHF: There is no trend on the Monthly Time Frame. There is a pattern

Tian Kriek

Analyst


June 26, 2019 11:11 AM

BEARISH

Daily Trading Range:
USD/CHF: There is no trend on the Monthly Time Frame. There is a pattern in the form of a Bullish Ascending Triangle. It seems that the market is testing the Triangular Support. Since the market is at a low price I do expect a bounce against the monthly ascending triangle support line however, I must wait for the daily stochasticRSI to move into the buy zone before I buy

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.9960
Resistance 2: 1.0000
Resistance 1: 1.0300
Current Price 0.9759
Support 1: 0.9600
Support 2: 0.9500
Support 3: 0.9000

Two Hour Chart

Two Hour Chart
The market is moving can you keep up?