Technical Analysis of Intraday Price Movement of USD/CHF Main Currency Pairs, Thursday May 25, 2023.
May 25, 2023 6:23 am
With the appearance of hidden deviation between price movement of USD/CHF main Currency pairs with osMA indicator as wel as followed by the appearance of 123 Bullish pattern followed by the breakout from Bullish Ross Hook and also confirmed by its price movement above MA 50 on the 4 hour chart, then USD/CHF in the near future has the potential to appreciate upwards where in the near future will try to break above the nearest Ross Hook at the level 0f 0,9066. If this level is successfully broken above then as long as there is no correction below, which exceeds the 0.9000 level, then USD/CHF has the potential to test the midline of the Bullish Pitchfork channel and the 0.9119 level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
With the appearance of hidden deviation between price movement of USD/CHF main Currency pairs with osMA indicator as wel as followed by the appearance of 123 Bullish pattern followed by the breakout from Bullish Ross Hook and also confirmed by its price movement above MA 50 on the 4 hour chart, then USD/CHF in the near future has the potential to appreciate upwards where in the near future will try to break above the nearest Ross Hook at the level 0f 0,9066. If this level is successfully broken above then as long as there is no correction below, which exceeds the 0.9000 level, then USD/CHF has the potential to test the midline of the Bullish Pitchfork channel and the 0.9119 level.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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