empty
 
 
23.06.2022 12:28 PM
Trading plan for USDCHF on June 23, 2022

This image is no longer relevant

Technical outlook:

USDCHF rose through 0.9660 intraday on Thursday after having tested the 0.9580 interim support late on Wednesday. The currency pair has moved in line with the projection as broader consolidation continues. It is seen to be trading close to 0.9666 at the moment and is expected to push through 0.9900 in the next few trading sessions.

USDCHF is unfolding an Engulfing Bullish candlestick pattern on the daily chart. If successful, prices would rally through 0.9900 within the consolidation range. Please note there are two more waves left for the contracting triangle to terminate and break higher above 1.0064. Bulls will be poised to hold prices above 0.9550 to keep the structure intact.

USDCHF has been rallying since January 06, 2021, after printing the 0.8760 lows. Bulls have remained in control and managed to push the price through 1.0064 before going into consolidation. Once the triangle is complete around the 0.9600-0.9700 range, bulls are expected to produce a final through rally leading past 1.0064 before reversing sharply.

Trading plan:

Potential triangle consolidation continues between 0.9550 and 1.0000

Good luck!

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $9000 más!
    ¡En Mayo, sorteamos $9000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback