USD/CHF - Forecast 15/02/2021
Price has been in a down-trend for a very long time. After forming a inverse head and shoulders pattern the price broke up through the trendline and the neckline of the pattern. Now we are testing a support zone (it was a resistance zone), the neckline and also the trendline of previous market structure.
There is also a fibonacci retracement with our zones.
I expect a raise of the price and also a broke of the minor trendline.
In conclusion a new long trend has started.
GREEN ZONE -> Fibonacci zone (from 0.62 to 0.79)
RED ZONE -> Support / Resistance zone
BLUE LINE -> Trend Line
BLUE DASHED LINE -> Minor trend line
There is also a fibonacci retracement with our zones.
I expect a raise of the price and also a broke of the minor trendline.
In conclusion a new long trend has started.
GREEN ZONE -> Fibonacci zone (from 0.62 to 0.79)
RED ZONE -> Support / Resistance zone
BLUE LINE -> Trend Line
BLUE DASHED LINE -> Minor trend line
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.