USDCHF Waiting for the price to fall - H4

On the USDCHF 4-hour chart we can predict the start of the downtrend. First we draw the important Fibonacci lines, which shows that a few units higher we have the resistance line at 38.2 Fibonacci index. This scale is 0.9769. So we can expect the price to hit this rebound line and move from the uptrend to the downtrend. This line has played a supportive role in the past few days and a resistive one twice, so it is of great importance. We also have the major support line at 0.9612 for the pair, which we expect the downside to touch this target.

The most important support lines for the USDCHF are as follows :

S1 : 0.9711

S2 : 0.9694

S3 : 0.9676

Pivot Points : 0.9733

R1 : 0.9745

R2 : 0.9766

R3 : 0.9780

The indicator analysis and moving averages for the USDCHF are as follows :

Technical Indicators :

Up Signal:

RSI(14)

STOCH(9,6)

Ultimate Oscillator

Descending signal:

-------------

Moving Averages :

Up Signal:

MA 5

MA 10

MA 20

MA 50

MA 100

Descending signal :

MA 200

The most important economic news in the coming days for the USDCHF is as follows:

February 6 : Publication of the number of people claiming unemployment and receiving grants from the US government

February 7 : Publication of the annual rate of salary of American citizens

February 7 : NFP news releases are one of the most important US news.



Reviews

No comments have been sent.
No comments have been sent.
Reviews Summary
0
From 0 Reviews
5
0
4
0
3
0
2
0
1
0