empty
 
 
02.03.2021 08:32 AM
Elliott wave analysis of USD/CHF for March 2, 2021

This image is no longer relevant

USD/CHF is testing key-resistance near 0.9174 and a break above here will open up for a continuation towards 1.0235 and possibly even higher towards 1.1000 longer term.

Short-term we could see resistance at 0.9295 cap the upside for a temporary correction to 0.9041 before renewed upside pressure towards 1.0235 and possibly higher.

R3: 0.9295

R2: 0.9258

R1: 0.9208

Pivot: 0.9174

S1: 0.9118

S2: 0.9075

S3: 0.9028

Trading recommendation:

Buy CHF near 0.9041 and place your stop at 0.8930

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback