InvestingScope

CHFPLN: Long opportunity within a 1D Rectangle.

Long
FOREXCOM:CHFPLN   Swiss Franc / Polish Zloty
The pair has been trading sideways within the 3.94000 1D Support and the 4.05500 1D Resistance since early August, forming a Rectangle pattern on 1D ( RSI = 42.228, MACD = -0.007, Highs/Lows = -0.0314, ADX = 25.098).

At the moment it is near the 1D Support, hence on optimal buy levels, even though the RSI shows there is still a minor potential for a lower pull (if the previous bottom is repeated). Our Target Zone is 4.04000 - 4.05500.





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