Daily analysis of USD/CHF for March 30, 2018

USD/CHF

There is a shallow pullback in the context of a short-term uptrend. The price went briefly above the resistance level at 0.9550 and then fell below it. Much movement is not anticipated today, but price would eventually go upwards again, to stay above the resistance level at 0.9550. This is what is anticipated for the next few trading days.

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There is a Bullish Confirmation Pattern in the 4-hour chart, but the Williams' % Range period 20 is sloping downwards, depicting the ongoing shallow correction in the market. The EMA 11 will cross the EMA 56 to the downside only if the current bearish correction holds out.

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