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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 January, 27 2020

Technical Analysis
Monday, January 27, 2020 - 13:16
Point Trader Group
USDCHF January, 27 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 might push the pair down to 0.9625

Alternative Scenario:

On the other hand, we see that if the falling trend line is broken up, it could push the pair to rise to 0.9780

 

 

Resistance0.97200.97500.9800
Support0.96500.96200.9600

 

*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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