Technical Analysis Try to predict the nearest future price,based on the simplest technical analysis approach-trendlines. Draw...
Technical Analysis
Try to predict the nearest future price,based on the simplest technical analysis approach-trendlines. Draw the trendlines,support and resistance.
Currency pair USDCHF
Homework Answers
Three Years (Historic) Exchange Rates or the Currency Movements for CHF & USD:
Analysis:
The lower resistance (Lower value) for CHF against USD is 0.98 through out the timeline of 3 years, and the upper resistance
(Upper value) is 1.07. So the CHF will less frequently touch the lower resistance level, 098, but can show a kink to increase its upper resistance beyond 1.08.
Provided the Market doesn't offer much volatility for CHF with respect to USD, and keeping in view that there are no substantial global or national economic & political reforms, the expected or Future Movements of CHF against USD can be put as:
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