Head and Shoulders on USD/CHF

Head and Shoulders on USD/CHF

The current technical pattern indicates the correction of the USD/CHF currency pair. On the daily chart, a classic Head and Shoulders reversal pattern has been formed, which signals a possible drop in the USD/CHF quotes. The key support is the level of 0.98600. We recommend paying attention to this situation.

If the price fixes below 0.98600, you need to consider selling USD/CHF. The immediate goal for profit taking is the round level of 0.98000. In the medium term, the USD/CHF currency pair may reach 0.97400-0.97000. Confirmations and entry points to the market are recommended to looked for on lower timeframes. When tracking a position, one should use a trailing stop.

by JustMarkets 2018.12.11

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

Abrir cuenta

Consigue análisis gratis

* campos obligatorios
Últimos artículos
Todos los artículos
Natural Gas Pricing Factors
The balance between supply and demand primarily influences natural gas prices. When demand for natural gas increases and supply cannot keep up, prices tend to rise.
Leer más