USDCHF looks stronger than the dollar. The Swiss franc is weakening strongly due to fundametal reasons. The bullish trend may continue with a break of 0.9142On D1 earlier we saw a trend change, after which the market went into a consolidation phase and reached 0.9147. The market resistance continues to hold the price, but against the background of compression and gradual approach of the price on the background of volume growth, the sellers have less and less chances to hold the resistance zone. A break of the mentioned line will activate the realization and distribution phase, which will give us a bullish momentum.
Resistance levels: 0.9142, 0.9147
Support levels: 0.9089, 0.9020
Technically, a compression to resistance in the format of an ascending triangle is being formed. Impulse activation zone - resistance breakout.
Regards R. Linda!
Trade active
A resistance breakout is forming
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🌹TRADING is a CASINO💔!?
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
NO‼️
Join me, I'll guide you to PROFITABLE TRADING💵!
(don't copy, click on the links!)
🟢Telegram Channel: t.me/RLindaTrade
🧿 Web: rlinda.com
🔴Contact: t.me/RLindaSignals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.