Sasha Singh
All posts from Sasha Singh
Sasha Singh in Sasha Singh,

USDCHF : Bullish Continuation Expected

On the Daily chart we can see that USDCHF is trading near a key resistance level at .8926 and facing support from the rising support trend line.

 A closer look on the 4 hour chart shows that the pair might continue to follow this uptrend by breaking this key resistance level. 50 SMA is already moving above the other 100 day and 200 day SMA. However the 100 day SMA is also moving towards the 200 day SMA to move in upwards direction crossing it which signals continuation of uptrend. There is no key data coming out today which might change the momentum on the pair.