December 5, 2022

Forex Solution

Learn To Trade Forex

USDCHF moves closer to its 100 day moving average

1 min read

Trades above the 50% retracement without much of a stall

The USDCHF continues its run to the upside. The run to the upside has taken the price above the 38.2% retracement near 0.9100. That was the first key break as it got over the hump of the minimum corrective target.  

Trades above the 50% retracement without much of a stall_

The 50% at 0.91248 and a swing area between 0.9128 and 0.9132 was the next targets. The 50% stall the rise for a moment before breaking to the upside in the current hourly bar. 




Source link

Copyright © All rights reserved. | Newsphere by AF themes.