HelenP. I CHF can break resistance level, but then turn around

1月19日

Hi folks today I'm prepared for you Swiss Franc analytics. A few moments ago price declined to the resistance level, which coincided with the resistance zone, and at once bounced up and some time traded near. But soon, CHF started to decline and in a short time price fell until to trend line, thereby breaking 0.8695 and 0.8465 levels. After this, the price rebounded from the trend line and made impulse higher than the 0.8465 support level, breaking it again. As well price started to trades in a wedge, where CHF some time traded near the support level and later rebounded from it and tried to rise, but soon it made a correction to the trend line. Then Swiss Franc rebounded from this line and made impulse up to the resistance level, and even tried to break it, but failed and now trades below this level. For my mind, the Swiss Franc will break the resistance level and even rise to the resistance line of the wedge. But after this movement, I expect that the price can turn around and start to fall to the trend line, thereby breaking back this level again. So, for this reason, I set my target at the 0.8600 level. If you like my analytics you may support me with your like/comment ❤️