This pair has gained over 700 pips since the middle of February 2018. Price has been moving in a perpetual northwards mode this week, and it is now besieging the resistance level at 0.9900, which would soon be breached to the upside. The next target would then be the resistance level at 0.9950.
There is a Bullish Confirmation Pattern in the 4-hour chart. The EMA 11 is above the EMA 56, and Williams’ % Range period 20 is in the overbought territory. Since the outlook on the market is bullish, further bullish movement is anticipated.
The material has been provided by InstaForex Company – www.instaforex.com
USD/CHF
This pair has gained over 700 pips since the middle of February 2018. Price has been moving in a perpetual northwards mode this week, and it is now besieging the resistance level at 0.9900, which would soon be breached to the upside. The next target would then be the resistance level at 0.9950.
There is a Bullish Confirmation Pattern in the 4-hour chart. The EMA 11 is above the EMA 56, and Williams’ % Range period 20 is in the overbought territory. Since the outlook on the market is bullish, further bullish movement is anticipated.
The material has been provided by InstaForex Company – www.instaforex.com
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