Good day, dear investors and colleagues traders!
Your attention a technical analysis of the currency pair #Usdchf:
* Commentary last week:
Last week, the dollar was a clear favorite against most of its competitors. The dollar / franc was no exception, the law ended the trading week with a result of + 1.51%.
* Technical comment:
The currency pair has gone out of the downward range that has been pursuing it since December 12, 2019 and is now trying to form its bullish trend.
A local trend is also forming, but for a clearer picture, it is necessary to test the lower limit of the range.
The weekly range is slightly more than 152 points, the angle of the new trend is 18˚ which is a normal indicator.
Levels that will play important support this week:
- 0.9675;
- 0.9575;
Levels that will act as potential sales:
- 0.9823;
- 0.9880;
* Orders and positions:
We believe that the pair is in an excellent consolidation zone and therefore opened a short deal today at 0.9772 with #stoploss at 0.9815 and #takeprofit: 0.9680 (R / R ≈ 2).
Respectfully to subscribers
Ltd ”Wermelgion and Partners Investment”
Your attention a technical analysis of the currency pair #Usdchf:
* Commentary last week:
Last week, the dollar was a clear favorite against most of its competitors. The dollar / franc was no exception, the law ended the trading week with a result of + 1.51%.
* Technical comment:
The currency pair has gone out of the downward range that has been pursuing it since December 12, 2019 and is now trying to form its bullish trend.
A local trend is also forming, but for a clearer picture, it is necessary to test the lower limit of the range.
The weekly range is slightly more than 152 points, the angle of the new trend is 18˚ which is a normal indicator.
Levels that will play important support this week:
- 0.9675;
- 0.9575;
Levels that will act as potential sales:
- 0.9823;
- 0.9880;
* Orders and positions:
We believe that the pair is in an excellent consolidation zone and therefore opened a short deal today at 0.9772 with #stoploss at 0.9815 and #takeprofit: 0.9680 (R / R ≈ 2).
Respectfully to subscribers
Ltd ”Wermelgion and Partners Investment”
