USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.93660, 0.94053, 0.94590.

Key Support Levels: 0.93140, 0.92949, 0.92786.

1-Hr Time Frame:

The price on the higher time frame is in a clear upward movement where a higher high and low has been posting showing that the market is controlled by bulls. The market posted a correction to the strong support around the 0.93120 CHF mark where we expect a new impulse wave toward the next key resistance line.

USD/CHF Medium-Term Trend: Bullish

15-Mins Time Frame:

On the lower time frame, the market succeeded to break the bearish trendline to the upside where buyers overwhelmed the sellers near the bespoke support level. we expect further movement to the upside in the coming hours especially after a higher low which shows that we are in a new impulse wave.

Buy Market Order @ 0.93111

TP 1 @ 0.93660

TP 2 @ 0.94053

Stop Loss @ 0.92928

Trade Safely 🙂