Swiss Market Index approaching key technical level with bullish moving average crossover signaling potential upside momentum.
Technical Highlights:
Golden Cross: 50-day MA crossed above 200-day MA
RSI showing positive momentum around 65
Support levels: 12850, 12780, 12750
Resistance levels: 12950, 13100, 13250
Price Action:
Higher lows forming as price tests 12950 resistance, with bullish candlesticks showing increased buying interest. Volume profile suggests accumulation on dips.
Trading Outlook:
Potential breakout above 12950 targeting 13100-13250 range. Alternative scenario sees rejection at resistance and retest of 50-day MA support.
Full analysis: https://vantofx.com/tools/news-and-analysis/
Swiss Market Index approaching key technical level with bullish moving average crossover signaling potential upside momentum. 📊 Technical Highlights: 🔸 Golden Cross: 50-day MA crossed above 200-day MA 🔸 RSI showing positive momentum around 65 🔸 Support levels: 12850, 12780, 12750 🔸 Resistance levels: 12950, 13100, 13250 📈 Price Action: Higher lows forming as price tests 12950 resistance, with bullish candlesticks showing increased buying interest. Volume profile suggests accumulation on dips. 🔍 Trading Outlook: Potential breakout above 12950 targeting 13100-13250 range. Alternative scenario sees rejection at resistance and retest of 50-day MA support. 👉 Full analysis: https://vantofx.com/tools/news-and-analysis/
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