USD/CHF: confirmed 'V-Top' pattern

USD/CHF: confirmed 'V-Top' pattern

2019-11-11 • Updated

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

Similar

USD/CHF: approaching the bottom?
USD/CHF: approaching the bottom?

The US Dollar has been losing value against the Swiss franc for more than a month now. Let's examine where it might be going.

Latest news

Bitcoin 2024: The Story Is Cyclical
Bitcoin 2024: The Story Is Cyclical

In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve's key interest rates and Bitcoin can be a game-changer…

Will NFP Be Positive for the US Dollar?
Will NFP Be Positive for the US Dollar?

As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera