Technical Analysis for CHF

Technical Analysis for CHF

The pair might attempt to achieve the technical harmonic formation shown on the graph, as Linear Regression Indicators are positive supporting the return of the downside move. Confirming the positivity this week requires stable trading above 0.9320 levels and without that the bullish might fail. We will depend on stabilizing above 0.9300 levels to suggest an upside move.

The trading range for this week is among key support at 0.9155 and key resistance at 0.9465.

The general trend over short term basis is to the downside stable at levels 0.9775 targeting 0.8860.

Support: 0.9270, 0.9235, 0.9200, 0.9170, 0.9155
Resistance: 0.9320, 0.9365, 0.9425, 0.9465, 0.9515

Recommendation Based on the charts and explanations above, our opinion is buying the pair above 0.9270 targeting 0.9370, 0.9425 then 0.9465 and stop-loss with four-hour closing below 0.9200 might be appropriate this week