USDCHF#1--->Sell Again:Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Usdchf:
* Commentary last week:
The currency pair continued its smooth growth, which began on February 1. This week the pair rose by 19 points (or 0.19%). Our previous recommendation caused a loss, as an even more aggravated fall in the euro pushed the dollar / franc to a new maximum.
* Technical comment:
The pair continues to be in the upward channel from February 4 and the channel continues to expand, however, the current oversold condition, the presence of divergence, suggests that a correction should occur in the near future.
R - coefficient also decreases, demonstrating the complexity of further growth.
Support and resistance levels for the current week:
- Resistances: 0.9848 and 0.9875
- Supports: 0.9766 and 0.9713
* Orders and positions:
Our valuation system continues to consider the currency pair overbought and sales from current levels becoming even more interesting in view of the presence of divergence on a 4-hour time frame.
Thus, the potential deal this week for the dollar / franc is as follows: selling from current values with #stoploss 0.9864 and #takeprofit 0.9720
(! Attention, these are preliminary price levels and we reserve the right to change them in our trading).
Best regards,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
