Commodities Forex

Squawk: USDCHF Aims Higher and Crude OIL Points Lower by Gregor…

Squawk / 17 December 2018 at 6:08 GMT

USDCHF Aims Higher and Crude OIL Points Lower by Gregor Horvat

USDCHF is currently recovering from the 0.9861 region, giving us an idea of a possibly completed three-wave correction within wave 2, which points to more upside.
If that is the case, then a bullish continuation may now be in play, which can break above the 1.0006 bullish level and above the upper channel line.
These two breaks would confirm a completed pullback, and a five-wave recovery to be in play on the pair.

See the full article here: https://www.fxexplained.co.uk/forex-articles/technical-analysis/usdchf-aims-higher-and-crude-oil-points-lower/

Related Posts

Sponsored
Sponsored