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Technical analysis for the USDCHF on 05.05.2015

The USDCHF is correcting from 0.9285 support

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 125 pips Max. 0.9500

Min. 0.9200

usdchf

Having rebounded from 0.9285 support, the Swiss Franc has turned up for correction. Corrective growth isn’t supported by trading volumes – which indicates weakening bullish strength.

Potential correction target is found at 0.9375 resistance, below which continuous consolidation has occurred. The longer the consolidation lasts, the bigger will be the rebound down.

Potential decline target is situated at 0.9285 support. Its breakout will open the way down to 0.9200.

Alternative scenario: long consolidation below 0.9375 resistance is probable.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!

The USDCHF is correcting from 0.9285 support

Direction Period Expected price movement Price movement corridor
↓↑ 1 day ≈ 125 pips Max. 0.9500

Min. 0.9200

usdchf

Having rebounded from 0.9285 support, the Swiss Franc has turned up for correction. Corrective growth isn’t supported by trading volumes – which indicates weakening bullish strength.

Potential correction target is found at 0.9375 resistance, below which continuous consolidation has occurred. The longer the consolidation lasts, the bigger will be the rebound down.

Potential decline target is situated at 0.9285 support. Its breakout will open the way down to 0.9200.

Alternative scenario: long consolidation below 0.9375 resistance is probable.

Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers in the forex market. Thank you!



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