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Mar 22, 2021 7:51 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
lingafeldtabby
your analysis is always a very high quality, thanks from
kozlowwladimir188
thx my good sir, i am always a willing student...
seezqpaixg
thanks thanks thanks for the idea! good one!
serzant0n0ff
Thank you for the analysis!
troynikovzerpa
Thank you for the analysis!
nosantox536
Thanks FXCM for the good analysis
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