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.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Stochastic (34,5,3) is seeing major support above 0.4% where a corresponding bounce could occur.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results