USD/CHF: From a Weekly chart perspective the Direction of Highest

Tian Kriek

Analyst


August 5, 2020 01:31 PM

BULLISH

Daily Trading Range:
USD/CHF: From a Weekly chart perspective the Direction of Highest Probability is Bearish and on the Daily chart I can also see that there is a Down Fibonacci ABCD swing with the D extension at 0.9255. The Daily Fibonacci D extension was hit and while I am waiting for a Fractal Low, I deem price oversold. Price is also converging with Major Pivotal Support at 0.9800 Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-workspaces-5-aug/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.9960
Resistance 2: 1.0000
Resistance 1: 1.0300
Current Price 0.9074
Support 1: 0.9600
Support 2: 0.9500
Support 3: 0.9000

Two Hour Chart

Two Hour Chart
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