HelenP. I Swiss Franc will make retest, and then rebound up

24 Apr

Hi folks today I'm prepared for you Swiss Franc analytics. Some time ago price declined to support 2, which coincided with the support zone, and soon broke this level and fell even lower support zone. But later CHF turned around and rose to this area and some time traded in, after which price even rose higher to support 2, but soon declined back. After this movement, CHF made strong impulse up to resistance zone, thereby breaking two support levels, after which price made correction movement. Then the price rose back to the resistance area and some time traded in, after which the Swiss Franc corrected move to 0.9080 points, after which the price tired to back up to the resistance area, but failed and made an impulse down to the trend line. Next, the price started to trades in an upward pennant, where the price in a short time rose to support 1, broke it and at the moment, CHF continues to trades inside resistance zone. So, in my mind, the Swiss Franc will make a retest, after the breakout and then continue to move up. Also, I think that the price can exit from the pennant, so, I set my target at 0.9175 points. If you like my analytics you may support me with your like/comment ❤️