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USDCHF Approaching Resistance, Potential Drop

Oleh ICmarkets
Broker
USDCHF is approaching its resistance at 0.9958 (78.6% Fibonacci retracement, Horizontal swing high resistance) where it could potentially reverse down to its support at 0.9898 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, Horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 92% where a corresponding reversal may occur.
Chart PatternschfForexforexsignalforextradingHarmonic PatternsTrend AnalysisUSDUSDCHFusdchflongusdchfshort
ICmarkets
Broker
IC Markets is an online forex broker specialized in providing transparent trading solutions to both retail and institutional investors alike. We provide superior execution technology, lower spreads and unrivaled liquidity.
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