USD/CHF reversed from support area

USD/CHF reversed from support area

  • USD/CHF reversed from support area
  • Next buy target - 0.9715

USD/CHF recently reversed up with the daily Morning Star from the strong support level 0.9560 (former powerful resistance from March). The upward reversal from this support level started the active intermediate impulse wave (3).  USD/CHF is expected to rise toward the next buy target at next resistance level 0.9715 (former strong support from December and January).

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USD/JPY: dollar is overbought

Narrowing bearish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; Dollar is going to positive area, but the market is overbought now.

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