Daily Analysis 21/10/2021

DAILY ANALYSIS

Traders can follow economic events or news which may affect the trend of this pair, to adjust on trade position.

 

DAILY USD/CHF

Support & Resistance: R1: 0.922
From the daily chart, the price had broke the support level, traders can trade short positions since the trend had reversed.

 

H4 USD/CHF

Support & Resistance: R1: 0.922
From the H4 chart, traders can trade short position when it bounced back to the resistance level or when it breaks the support level.

TRADING TIPS


Short Position

0.921

0.915

0.924