Good day dear #investors and colleagues #traders!
Your attention a technical analysis of the currency pair #Usdchf:
#Comment_to_past_week:
The currency pair long and stubbornly did not want to give up and continued to go up until it met resistance in the zone of 0.9840-0.9845. Which, nevertheless, was able to deploy the asset to the south and by the close of the week the pair lost about 39 points (0.39%).
It seems that the story of the #coronavirus will not go away as easily as the main central banks of the world calculated, it will not be possible to fill it with money. And of course, as soon as market participants accepted this fact, protective assets began to be in sharp demand, and #franc was one of such assets.
#Technical analysis:
Globally (D1):
February helped #usdchf form an uplink, which is currently being tested for strength. It is imperative to understand whether it can withstand the pressure of sales in global stock markets. To do this, traders need to monitor the 0.9720 zone and how the pair will be redeemed from 0.9710 (61.8% Fibonacci). In the case of consolidation below 0.9710, we can see the next target at 0.9680.
Locally (H1-H4):
Locally, a fully formed downtrend of February 21 is observed. Yesterday, the currency pair came out of the triangle, which strengthened the position of the bears.
However, they came close to the price range, in which there were a lot of support zones, potential demand, and it was they who would decide whether usdchf would keep the global upward movement.
By tradition, we call the weekly support and resistance zones:
A) Support: 0.9752, 0.9722 and 0.9675;
B) Resistance: 0.9830, 0.9877 and 0.9907;
#Orders_and_position:
We continue to hold a previously open position sale from 0.9816 with #takeprofit: 0.9720 (We reserve the right to keep take_profit below) and #stoploss: 0.9864.
This position will be transferred to breakeven.
We will refrain from opening new positions.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
Your attention a technical analysis of the currency pair #Usdchf:
#Comment_to_past_week:
The currency pair long and stubbornly did not want to give up and continued to go up until it met resistance in the zone of 0.9840-0.9845. Which, nevertheless, was able to deploy the asset to the south and by the close of the week the pair lost about 39 points (0.39%).
It seems that the story of the #coronavirus will not go away as easily as the main central banks of the world calculated, it will not be possible to fill it with money. And of course, as soon as market participants accepted this fact, protective assets began to be in sharp demand, and #franc was one of such assets.
#Technical analysis:
Globally (D1):
February helped #usdchf form an uplink, which is currently being tested for strength. It is imperative to understand whether it can withstand the pressure of sales in global stock markets. To do this, traders need to monitor the 0.9720 zone and how the pair will be redeemed from 0.9710 (61.8% Fibonacci). In the case of consolidation below 0.9710, we can see the next target at 0.9680.
Locally (H1-H4):
Locally, a fully formed downtrend of February 21 is observed. Yesterday, the currency pair came out of the triangle, which strengthened the position of the bears.
However, they came close to the price range, in which there were a lot of support zones, potential demand, and it was they who would decide whether usdchf would keep the global upward movement.
By tradition, we call the weekly support and resistance zones:
A) Support: 0.9752, 0.9722 and 0.9675;
B) Resistance: 0.9830, 0.9877 and 0.9907;
#Orders_and_position:
We continue to hold a previously open position sale from 0.9816 with #takeprofit: 0.9720 (We reserve the right to keep take_profit below) and #stoploss: 0.9864.
This position will be transferred to breakeven.
We will refrain from opening new positions.
Regards to subscribers,
Ltd ”Wermelgion and Partners Investment”
!Attention: Trading financial instruments and (or) cryptocurrencies is fraught with high risks, including the risk of losing part or all of the investment, therefore it is not suitable for all investors. Cryptocurrency prices are extremely volatile and can change due to external factors such as financial news, legislative decisions or political events. Margin trading leads to increased financial risks.
Ltd ”Wermelgion and Partners Investment” and any provider of the data contained on this website disclaim liability for any loss or loss incurred as a result of trading transactions made with reference to the information provided.
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