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

Tian Kriek

Analyst


October 23, 2020 06:58 AM

BEARISH

Daily Trading Range:
USD/CHF: From a Weekly chart perspective the Direction of Highest Probability is Bearish. Even though there is no .382 retracement on the Daily chart, the mere fact that the counter trend line was broken I expect price to fall to the 1.27 extension at 0.8853. In the meantime I am going to pass on the USDCHF due to the fact that the USDOLLAR index is not aligned. Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-ny-workspaces-22-oct/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.9960
Resistance 2: 1.0000
Resistance 1: 1.0300
Current Price 0.9044
Support 1: 0.9600
Support 2: 0.9500
Support 3: 0.9000

Two Hour Chart

Two Hour Chart
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