USD/CHF mark: 0.99575

Forecast: hold on or sell

H4 Key points:
Top Resistance: 1.0037
1st Resistance: 0.9969
1st support: 0.9927
Support/Floor: 0.97500

Macro scenario for longer positions than H4 is bullish. However, at this timeframe we can observe some retracement which is a pretty normal behaviour. Seems we are facing two opposite trends and being like that how can I trade this pair? Well, we have to make a closer view. Applying some technical tools. Price holds its southward path on important Fibonacci Retracement (31.8%) barrier and is building some green candle from there. From Fibo analysis my advice is hold on. Lets check with another tools. MACD is not clear enough to take any decision based on breaking lines. So hold on too. By the other hand Stochastic Faster indicator mark a neutral position being worthless for open any kind of trading decision.

Conclusion: hold on and trade another cross with more expectable figures

الترجمة الى الانجليزية اظهار الاصلي