USD/CHF likely to move UP!
Hey tradomaniacs,
looks like USD/CHF has found support after the recent breakout.
So far we have seen a 3-Wave-Correction which could be finished soon. Price is attempting to break out of the trendline in order to trigger the potential double-bottom which could cause a high probabillity long-setup.
Swiss is less likely about to increase interest-rates today, so USD might still be strong against the CHF.
Technically a good upcoming long imo.
Lets see what happens! =)
looks like USD/CHF has found support after the recent breakout.
So far we have seen a 3-Wave-Correction which could be finished soon. Price is attempting to break out of the trendline in order to trigger the potential double-bottom which could cause a high probabillity long-setup.
Swiss is less likely about to increase interest-rates today, so USD might still be strong against the CHF.
Technically a good upcoming long imo.
Lets see what happens! =)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.