USD/CHF: franc plays with the patterns

USD/CHF: franc plays with the patterns

Recommendation: BUY 0,977 SL 0,9715 TP1 0,993 TP2 1,005.

On the USD/CHF daily chart, the realization of the inverted Shark pattern continues. The growth of quotes above high (0.9765) of the internal bar may lead to the continuation of the rally. In contrast, a breakout of the support located at the low of the internal pattern (0.9725) may lead to the return of the quotes towards lower border of the downward trading channel. 

CHF1.png

On the USD/CHF hourly chart, a target 78.6% of the Gartley pattern has been hit. Then, there was a rollback. If the high at 0.977 is updated, the Dragon pattern will continue its formation. On the upside, there is a target 161.8% of the Crab pattern, 

CHF2.png

Similar

GBP/USD: pound in correction to Cloud

Narrowing bearish Ichimoku Cloud; rising Senkou Span A; a dead cross of Tenkan-sen and Kijun-sen with rising Tenkan-sen; the local market in a correction phase and the bulls may go higher.

Popular

Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later