Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: USD/CHF forms Bullish Gartley pattern, good to buy on dips

  • Harmonic pattern formed – Bullish Gartley pattern
     
  • Potential Reversal Zone (PRZ) – 0.9900
     
  • USD/CHF forms Bullish Gartley Pattern in the hourly chart with PRZ at 0.9900. The pair declined till 0.99299 and slightly recovered from that level.
     
  • The minor weakness can be seen below 0.9900 and any break below will drag the pair till 0.9860 (200- day MA)/0.9790.
     
  • On the higher side, 21- day MA will be acting as immediate resistance and any break above this level will take the pair till 1.00450/1.0070 level.
     
  • Short term weakness only below 0.98600 level.

    It is good to buy on dips around 0.9950-55 with SL around 0.9900 for the TP of 1.0000/1.00445
  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.