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HomeContributorsTechnical AnalysisUSD/CHF On A Declining Path

USD/CHF On A Declining Path

MultiBank Exchange Group
By MultiBank Exchange Group

USD/CHF extends the bearish movement as the dollar index drops further. Price is going down after the retest of the warning line (up sloping red line) and the 0.9634 level. Now is approaching the 0.9498 static support, a valid breakdown will confirm a drop towards the lower median line (lml) of the descending pitchfork and towards the 0.9440 horizontal downside obstacle. Only a rebound will send it towards the median line (ml) again.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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