FXCM

USDCHF facing bullish pressure | 1 July 2020

Long
FX:USDCHF   U.S. Dollar / Swiss Franc
Price is facing bullish pressure from our trend line , 78.6% retracement and 127.2% extension where we could see a bounce above this level. Stochastic is approaching support as well.
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Comments

May I ask if you also can give an update when the market is like these days hard to predict with only analyses?
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FXCM Marcel69
@Marcel69, hello! yes thanks for the suggestion, the analysis are done with the larger time frame direction in mind so it should be valid for a few days
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@FXCM, okay thank you. That was not always clear for me. I see now that I should have hold this currency. Good that I know it now, learning again.
What I especially like is that you clearly give SL, Buy/Sell start and TP. Of course never people can expect 100% result. Thanks you for your reply.
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Hi Good Day,

The trend has broken down for a sell position. Anyway, thanks for your analysis.
Reply
FXCM Allaah
@Allaah, hello! you're welcome! You could be right as well, but personally I think it could be a fake out that we are seeing and I maintain my bullish view on this pair
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Thank you for snap and analysis. Good Luck to you.
Reply
FXCM nrmt2010
@nrmt2010, thank you!
Reply
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