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HomeContributorsTechnical AnalysisUSD/CHF Another False Breakout

USD/CHF Another False Breakout

MultiBank Exchange Group
By MultiBank Exchange Group

Price failed to stay above the second warning line and now could drop deeper in the upcoming days. USD/CHF is somehow expected to drop in the upcoming days after the failure to make new highs and to jump above the 0.9771 previous high. The failure to reach and retest the upper median line (uml) of the descending pitchfork could send the rate very fast towards the median line (ml) of the descending pitchfork.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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