Technical Analysis : USD/CHF 11 May 2020

11 May 2020 Analysis (Forex, CFDs, Cryptocurrency)Currency PairsUSD/CHF

Forex Technical Analysis : USDCHF 11 May 2020

Forex Technical Analysis : USDCHF

Target Level 0.9589

Date : 11 May 2020

Support Line (A) : 0.9589 – Last TP of Descending Triangle

Resistance Line (B) : 0.9784 – Last TP of Descending Triangle

Target Period : 2 days

Interval : 4 hours

Pattern : Descending Triangle

Length : 101 Candles

Detail : Descending Triangle identified at 08-May-04:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.9589 within the next 2 days. (Supported by Downward sloping Moving Average)

Warning : This information isn’t a buy-sell signal. Please use this information for the trade guideline.

Source : Autochartist

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– Analysis as low as 15 minute data intervals.

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