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Usdchflong

USDCHF M30: Bearish outlook seen, further downside below 0.9830On the M30 time frame, a pullback to the resistance zone at 0.9830, in line with the Fibonacci confluence levels presents an opportunity to play the drop to the next support target at 0.9700 which is also the resistance-turned-support graphical zone and 61.8% Fibonacci retracement level. A break below the downside confirmation level at 0.9765 could provide the bearish acceleration to the support zone at 0.9700. Prices are holding below the Ichimoku cloud as well supporting the bearish bias.
Short
by T3-Consultancy
USDCHF | Perspective for the new weekThe momentum drive on the USDCH has been bullish since the beginning of the year and the sudden breakout of the bearish trendline identified on the daily timeframe is likely going to be a confirmation in that regard. In this video, I shared my technical opinion on my expectation this week as I look forward to a potential rally continuation. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
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