23-OCT-2022
USDCHF: breaking multi year trendline. next hurdle will be 1.0345. Break of that, we can see big BULL MOVE.
BEARISH SCENARIO:
23-OCT-2022
USDCHF: breaking multi year trendline. next hurdle will be 1.0345. Break of that, we can see big BULL MOVE.
BEARISH SCENARIO:
https://rajtechanalysis.blogspot.com/2021/03/usdchf-analysis-march-2021.html
At a glance,
xxxusd nearing bottom or bottom is already in.
usdxxx nearing top or already top is in.
Let us see how the market is going to drive.
As per my previous analysis, USDCHF reached upside target.
CMP: 0.9008; RES: 0.9046; SUP: 0.8900/0.8755
As long as 0.9046 resists, we can see some more downside towards 0.8930 and
if 0.8900 supports, we can see big reversal towards 0.9100/0.9131/0.9155...
CMP: 0.8867; SUP: 0.8837; RES: 0.8919
Break of 0.8919, we will see 0.9000-0.9038.
CMP: 0.8867; RES: 1.0344; SUP: 0.7064;
Based on weekly chart,
Res: 0.8966/0.9206/0.9294.
Minimum target on the down side done at 0.9091/0.8808 but no signals of reversal yet.
Extensions can be 0.8634, 0.8572, 0.8317, 0.8917.