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USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9665, 0.9717, 0.9774

Key Support Levels: 0.9581, 0.9543, 0.9501

Daily Chart:

The price on the higher time frame has shown good bullish move and recently it had a pullback. The pair found support at the 0.93661 level and it has bounced after testing that level. A resistance level of 0.9535 has been broken which indicates a bullish bias. 

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 the trading range after consolidating in a range of 0.9501 and 0.9543 for some time. It has also broken and retested a minor level of 0.9581 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.9608

TP 1 @ 0.9655

TP 2 @ 0.9752

Stop Loss @ 0.9561

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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