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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 19.05.2022

Technical Analysis
Thursday, May 19, 2022 - 15:26
Point Trader Group
USDCHF 19.05.2022

summary:

The pair is trading in a downtrend

Expected scenario:

The pair is trading below a strong resistance level around 1.0060, which enhances the chances of a drop to 0.9600 – 0.9550

Alternative scenario:

Breaking the 1.0060 level may push the pair to rise to 1.0150

resistance levels

1.0060 - 1.0150

Support levels

0.9600 - 0.9550

*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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