This pair has started going upwards and it would soon reach the resistance level at 0.9650, which would be breached to the upside as price goes towards another resistance level at 0.9700. There is a “buy” signal in the market, and a northward journey is much anticipated when momentum returns to the market.
There is a slight Bullish Confirmation Pattern in the market. The William’s % Range period 20 is now going into the overbought territory. The EMA 11 is above the EMA 56. This means price would go further upwards.
The material has been provided by InstaForex Company – www.instaforex.com
USD/CHF
This pair has started going upwards and it would soon reach the resistance level at 0.9650, which would be breached to the upside as price goes towards another resistance level at 0.9700. There is a “buy” signal in the market, and a northward journey is much anticipated when momentum returns to the market.
There is a slight Bullish Confirmation Pattern in the market. The William’s % Range period 20 is now going into the overbought territory. The EMA 11 is above the EMA 56. This means price would go further upwards.
The material has been provided by InstaForex Company – www.instaforex.com
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