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Technical Analysis

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

USDCHF 17.5.2023

Technical Analysis
Wednesday, May 17, 2023 - 13:35
Point Trader Group
USDCHF 17.5.2023

Trend: downward.

Expected scenario:

The pair is trading below a strong resistance level around 0.9020, which enhances chances of a drop to 0.8950.

Alternative scenario:

The scenario fails and turns to an upside, with a break of 0.9020, with a four-hour closing, targeting 0.9050 – 0.9100.

The most important levels

resistance:

0.9020 – 0.9050

support:

0.8950 – 0.8900

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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