Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
USD/CHF may rise a bit
2020-01-17 • Updated
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe. The pair’s rising and ready to try and get above 0.9661 (August low). The price action on the H1 resembles an inverted “Head and Shoulders” pattern. This means that the USD will have a chance to correct higher, to the 0.9690/0.9700 area (50-day MA).
BUY 0.9665; TP 0.9695; SL 0.9650
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