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Usdchfshort

USDCHF facing bearish pressure | 4 May 2021USDCHF is facing bearish pressure from 100% Fibonacci extension and 127.2% Fibonacci retracement. Prices might push down towards horizontal swing low support in line with 38.2% Fibonacci retracement and 50% Fibonacci extension. If prices push up towards, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci retracement as well as 127.2% Fibonacci extension. Stochastics is also facing resistance from 90.52 level, showing a bearish pressure for prices.
Short
by FXCM
2
USDCHF facing bearish pressure | 15th Apr 2021Prices are facing bearish pressure from descending trend line resistance which is in line with horizontal swing high resistance, 50% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push down towards 1st support which is in line with horizontal swing low support, 78.6% Fibonacci extension and 161.8% Fibonacci retracement. If prices push up further, it might face resistance from horizontal swing high resistance which coincides with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Stochastics is also facing resistance from 91.3 level.
Short
by FXCM
1
USDCHF facing bearish pressure | 9th Apr 2021Prices are facing bearish pressure from pullback resistance which is in line with 100% Fibonacci extension and 50% Fibonacci retracement. Prices might push down towards 1st support, in line with 78.6% FIbonacci extension and -27.2% Fibonacci retracement fibonacci confluence area. If prices push up further, prices might face resistance from 2nd resistance in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. The Ichimoku cloud is above prices, showing a bearish pressure on prices.
Short
by FXCM
2