Downtrend is still strong for this USDCHF (Tuesday, January 2, 2018)

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Downtrend is still strong for this USDCHF (Tuesday, January 2, 2018)

AYAHAMA – Daily Technical Analysis for 4 Pair Forex: Tuesday, January 2, 2018

This technical analysis using Daily-TF chart of Trusted Broker since 2005 – Liteforex.

EURUSD
It could, there is a downward correction and a good sell for in EURUSD. If the price stays firmly below the strong resistance line 1.20247. But the price breakup at 1.20247 will be a new symbol for the next bullish trend.

GBPUSD
Similar to the conditions in the EU, we see GBPUSD is likely to be downward correction and ok to sell if the price persists below the intraday high (below the strong resistance line 1.35432). However, a break up above 1.35432 will be a good start to pick up the new Buy option later.

USDCHF
Downtrend is still strong for this USDCHF. We can do and take a sell when the breakdown occurs down the intraday low at 0.97327.

USDJPY
The bearish trend is still strong. Notice the fibo at the important support level at 112.463. Breakdown at 112.463 would be nice to take the sell option.

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Tags: #USDCHF

Broker Forex LiteForex