FX.co ★ Farhan Ali Shakir | USD/CHF

Analysis of USD/CHF: Hello Everyone! On the franc on the weekly map, after a slight northern withdrawal, the price turned around and continued its confident southern movement, because of which a full bearish candle was formed, which could merge below the original support position, which is located at0.90856, but having tested the original support position 0.91186 from top to bottom, there was an answer and, as a result, the price couldn’t overcome this position. Coming week there will be a corrective northern movement, and in this case I would like to see the price fixing above the resistance position of 0.90856. still, also the northern movement to the resistance position of 0.94096, If everything goes as it should will be homogenized. After the designated resistance position, there will be two scripts for the development of the situation. The first script is associated with fixing the price above this position and farther growth. However, I’ll expect the price to move towards the resistance position, which is at 0.95986, if this plan is worked out. Near this resistance position, I’ll expect the conformation of a trading setup, which will help determine the direction of trading in the future. Of course, the price can be pushed further northward, but then it’ll be necessary to look at the situation and everything will depend on how the price reacts to the designated far northern target. However, when the price approaches the resistance position of 0.94096, If, there will be an answer and a turning candle will be formed, also the precious dollar will return to the support position, which is at 0.90856 or to the support position, which is at 0.90186. Near these support situations, I’ll continue to search for northern signals in expectation of a resumption of growth. To put it, coming week I admit the morning of a corrective northern movement, but let’s see how it’ll be enforced.