empty
 
 
07.07.2022 06:22 PM
USD/CHF: upside continuation signaled

This image is no longer relevant

USD/CHF New Higher High!

The USD/CHF pair extended its growth and now it has managed to jump above the 0.9724 former high which represented an upside obstacle. The price is located far above the uptrend line which stands as a downside obstacle. As long as it stays above this line, the USD/CHF pair could approach and reach new highs.

Its failure to come back to test and retest the uptrend line signaled strong buyers and potential upside continuation.

USD/CHF Trading Conclusion!

The current breakout above the 0.9724 former high could activate further growth. You can see that the rate has tried to test the broken upside obstacle confirming the breakout. Jumping above 0.9742 today's high could confirm an upside continuation.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2024
通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback