USD/CHF: confirmed 'V-Top' pattern

USD/CHF: confirmed 'V-Top' pattern

Information is not investment advice

All the Moving Averages have been broken, but there's a 'V-Top' pattern, which has been confirmed. Thus, it's likely that the market is going to test the nearest support at 1.0000 - 0.9989 and the Moving Averages soon. The subsequent pullback from these levels could be a starting point for another advance towards the next resistance at 1.0039 - 1.0051.

12-4-2019-CHF-H4.png

chf

Similar

Popular

The outlook for the GBP

The British pound has been enjoying itself versus the other major currencies during the past weeks. WIll the advance of the GBP continue?

XAU/USD: a short-term trade

Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.

Choose your payment system