USDCHF: Growth Around the Corner

USDCHF, H2

On the H2 timeframe, USDCHF navigates sideways and faces the crucial 0.8600 resistance zone.

MACD crosses the 0-lone, and on the Williams Alligator indicator, the lips crossed the jaw, giving a strong bullish sentiment.

If the price breaks above the 0.8600 resistance it will rise to 0.8680 and the 261.8 Fibonacci;
A slight correction and rebounding from the 161.8 Fibonacci may trigger a further uptrend to the same target at 0.8680 resistance.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

Share with friends:

Author: Timur Yurdagyul

Open an FBS account

By registering, you accept FBS Customer Agreement conditions and FBS Privacy Policy and assume all risks inherent with trading operations on the world financial markets.