akyong

USDCHF - Are we seeing a potential reversal soon?

FX:USDCHF   Dolar U.S./Franc Swiss
We have been seeing the US Dollar             weakens since the start of this year. USDCHF             has been falling from the high of 1.0300 to the recent low of 0.9500 area. Are we going to see a potential reversal soon?

Based on the wave analysis, the recent price development seems to be showing signs that we can expect a move to the upside soon - either as a deeper retracement, or as a reversal to the upside.

1) Price has now reached the 123.6% fibonacci extension level from the 1.0300 high, potentially completed the WXY structure.

2) On a smaller degree, price is currently very near to hitting the 161.8% fibonacci extension level from the 1.0170 high, potentially completing a small degree WXY structure.

3) We are also seeing the potential of an ending diagonal forming with the 5th wave down; coupling with a divergence in RSI .

These few factors gave me the reasons to believe that we might be seeing some buying pressure on USDCHF             soon.

P.S. This does not necessarily mean I am buying up USDCHF             . Have a plan and trade your plan.
MS Bahasa Melayu
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Laman Utama Pengimbas Saham Pengimbas Forex Pengimbas Crypto Kalendar Ekonomi Bagaimana ia berfungsi Ciri-ciri Carta Peraturan Rumah Moderator Laman web dan Penyelesaian Broker Widget Perpustakaan Carta Stok Permintaan Ciri Blog & Berita Soalan Lazim Bantuan & Wiki Twitter
Profil Pengesetan Profil Akaun dan Bil Tiket Sokongan Saya Hubungi Sokongan Idea-idea yang diterbitkan Pengikut Mengikuti Mesej Peribadi Perbualan Log Keluar