USD/CHF close to complete a bearish cycle

USD/CHF close to complete a bearish cycle

The USD/CHF pair has been trading in a corrective phase since March 1st session and it seems the 50% Fibonacci zone could be a key pivot point during the week ahead. The 0.9338 level should then become a support in order to give a boost to the pair in order to go towards the -23.6% Fibonacci zone at 0.9561. To the downside, if the pair manages to break below 0.9292, then it can plummet towards the 0.9186 level.

RSI indicator remains in the negative territory.

USDCHFH1.png

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GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

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