Title
USDCHF H1 | Bullish Rise
Type
Bullish Rise
Preference:
Price is currently at the pivot point of 0.8893, a swing-low support. A rise from this level could lead the price to rise to 1st resistance at 0.8929, an overlap resistance level
Alternative scenario:
If the price breaks below the pivot, it could fall to 1st support at 0.8864, below 61.8% Fibo projection
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.