• USDCHF testing strong support, prepare for a potential bounce

    USDCHF is testing major support at 0.9589 (ABC Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) and a strong bounce could occur at this level to drive price up to at least 0.9695 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (55,5,3) is seeing major support above 0.5% where a potential corresponding bounce could occur. […]

  • USDCHF bullish crab formation, keep an eye out!

    USDCHF is forming a bullish crab formation with first major support at 0.9605 (ABC Fibonacci extension, bullish harmonic crab formation) and a strong bounce could occur at this level to push price up towards 0.9695 resistance (Fibonacci retracement, horizontal pullback resistance). Stochastic (34,5,3) is seeing major support above 0.4% where a corresponding bounce could occur. […]