Usdchflong
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! =)
USDCHF Forecast - A Bullish TrendUSDCHF On 4 Hour Timeframe Is A Bullish Trend. FX:USDCHF OANDA:USDCHF FOREXCOM:USDCHF CAPITALCOM:USDCHF SAXO:USDCHF FX_IDC:USDCHF CURRENCYCOM:USDCHF
If USDCHF Exceeds 0.94602, The Price is Expected To Continue In The Uptrend Movement (Confirmation Level).
If USDCHF Exceeds 0.91501, The Price Expected To Continue To Fall (Invalid level)
Support And Resistance Levels On The USD/CHF: 0.92500 Support, 0.95000 Resistance.
USD/CHF Weekly Candle Closed Above Pre Res , Long Setups Valid This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
USD/CHF likely to move UP!Hey tradomaniacs,
looks like USD/CHF is about to move up after the recent volatile spike to the downside which is a stop-loss-fishing move.
Technically we see a correction and finally a breakout above the trendline, while the horizontal support was holding and indicates accumulation.
However, last spike down plus the recent breakout are a great indication for a long.
As always, be carefully in this volatile market, especially ahead the ECB-Event today.
Let`s see what happens! =)