USD/CHF Might Go for a Retest of 1.0240

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The USD/CHF has been in a bullish consolidation phase after briefly spiking to 1.0235 on Friday. 1.0185-95 might provide a fresh bullish momentum.

The POC Zone is still strong as we can see from the marubozu candle and T-89 rejections at the EMA and D L3. Bollinger Bands are still congested, indicating the range but bullish momentum will persist as long as the price is kept above the W L3 – 1.0168. Targets are 1.0225 and 1.0240. If the price breaks 1.0240 it should reach 1.0253 but we shouldn’t expect a daily movement above it due to the ATR projection that shows 1.0233 as the daily projected high.

The analysis has been done with the CAMMACD.MTF template.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of