LeoPrime Daily Market Analysis

We are a forex and commodities intermediary that accommodates
wide-ranging trading services to create the most user-friendly trading environment..

USDCHF reversed from 0.98500 support area; Likely to rise to 0.99700

USDCHF continues to rise after the earlier upward reversal from the support area lying between the key support level 0.9850 (which has been repeatedly reversing the price from the start of September), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous upward ABC correction (2) from August. Given the moderate bearish Swiss Franc sentiment seen across the markets, USDCHF is likely to remain under the bullish pressure today and extend the gains toward the next resistance level 0.9970 (top of the earlier short-term correction 2 from the end of October).

 

Company Info

We are a forex and commodities intermediary that accommodates wide-ranging trading services to create the most user-friendly trading environment for both retail and institutional clientele. With years of gathered expertise as experience, we are not just invested in keeping up with the latest but also in generating custom solutions that are executable swiftly. Discover and flourish in our business model that has evolved to meet the skills of ace and naïve of a tyro with equal proficiency. If you’re looking to make the choice, then wait no further.