USD/CHF: The monthly probability is Bearish as the large Ascending

Tian Kriek

Analyst


April 3, 2020 08:45 AM

BULLISH

Daily Trading Range:
USD/CHF: The monthly probability is Bearish as the large Ascending Triangle support line has been broken to the downside. The weekly Fibonacci D extension has been hit, suggesting that price is getting ready to retrace. The Daily chart is not confirmed Bullish just yet as price needs to break the inner down trend line. I would also like to see an UP AB Boundary. Next resistance will be 0.9600 Get this chart and analysis for free. Copy and Paste the following link in your browser: https://smarttrader.com/charts/tkriek/tk-aod-workspaces-3-april/

Daily Chart

Daily Chart

Daily Support and Resistance

Resistance 3: 0.9960
Resistance 2: 1.0000
Resistance 1: 1.0300
Current Price 0.9776
Support 1: 0.9600
Support 2: 0.9500
Support 3: 0.9000

Two Hour Chart

Two Hour Chart
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