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USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.0069, 1.0161, 1.0232

Key Support Levels: 0.9905, 0.9835, 0.9755

Daily Chart:

The price on the higher time frame has been in a strong uptrend for the last few weeks and showing very good momentum. Recently the price did a small pullback but found support at the 0.9878 level and bounced back. We expect a further continuation of the trend.   

USD/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The price recently broke a resistance level of 0.9905 and has sustained above that. The pair did a retest and after a little bit of noise during the important data release yesterday, it is continuing the momentum again. 

Signal Idea:

Buy Stop Order @ 0.9980

TP 1 @ 1.0067

TP 2 @ 1.0154

Stop Loss @ 0.9893

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

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