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Mar 22, 2021 7:52 AM

USDCHF is facing bullish pressure | 22 Mar 2021 Long

U.S. Dollar/Swiss FrancFXCM

Description

Prices are facing bullish pressure from ascending trendline support which coincides with our pivot level and 50% fibonacci extension as well as 78.6% fibonacci retracement . Prices might push up towards 1st resistance which coincides with 61.8% fibonacci extension and 161.8% fibonacci retracement . If prices break through the trendline, prices might take support on 1st support which coincides with 78.6% fibonacci retracement and 100% fibonacci extension . EMA is also below prices, showing a bullish pressure for prices.
Comments
jkunzel
very good thank you! keep the good work
amirbey92012
Great summary.. Thanks for taking the time.
whitkenpoling
you area really gifted when it comes to analysis
buottet
thank you for the analysis!
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