CapMoore

Weekly Outlook. What Now?

FX:USDCHF   U.S. Dollar/Swiss Franc
20 0 0
After last weeks drop, price stalled by the Yearly S2 which
was in confluence with the 127 Swing Expansion. Horizontal
resistance is at 0,8700 (previous low) and 0,8900 (lower
Kumocloud). Above that, is a stronger resistance with the
76,4 Fib Retracement and just above Yearly S1 and the
upper Kumocloud. It is hard to know wether there will be
a continuation down or price has made the medium term
low already. Since trend is bearish , selling into resistance
is the favoured strategy, looking for signals on lower timeframe.
The pair is still volatile and extra caution trading it is
recommended.

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out