BREAKING NEWS:
point logo
Fund Your Account Request Call Back
English English
العربية العربية

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 January, 23 2020

Technical Analysis
Thursday, January 23, 2020 - 13:41
Point Trader Group
USDCHF January, 23 2020

Overview:

We notice on the above chart that the pair is trading below a strong resistance level represented in the falling trend line, which enhances the chances of falling during today's trading

Expected:

Continuing trading below the aforementioned resistance level enhances the downside chances for the pair to target 0.9620

Alternative Scenario:

On the other hand, we see that breaching the falling trend line level might push the pair to rise to 0.9740


 

Resistance0.97000.97400.9785
Support0.96200.96000.9580

 

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

Related Topics

Latest Education Articles

Is there a relationship between interest rates and inflation rates?
Friday, July 14, 2023 - 19:25
How Currency Market Moves - Learn Fundamental Analysis
Thursday, February 13, 2020 - 21:24
Tips to avoid losing money in the FX Market
Thursday, January 30, 2020 - 14:39
Why Leverage is a double edged sword? P2
Friday, January 17, 2020 - 13:00

REQUEST A CALL BACK

Get financial advice from Point trader group experts

YOU CAN TRUST POINT TRADER GROUP

For Free Expert Financial Advice

CONTACT US
Open your Real Account now

Start making money from your home!

OPEN REAL ACCOUNT
Try the Demo Account now

Get Your Free Demo Trading Account

OPEN DEMO ACCOUNT