Breaking News

USD/CHF Potential Upward Movement

USD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.9446, 0.9471, 0.9498

Key Support Levels: 0.9410, 0.9401, 0.9389

1-Hour Chart:

The price on the higher time frame has been in an uptrend for some time. It broke a level of 0.9290 with good momentum and has sustained above that. The pair has recently tested a support level of 0.9399 and bounced back which shows bullish bias. 

USD/CHF Medium-Term Trend: Bullish

5-Minute Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a resistance level of 0.9380 and sustained above that. Recently the pair has broken and retested a minor level of 0.9401 before continuing the momentum.

Signal Idea:

Buy Stop Order @ 0.9421

TP @ 0.9465

Stop Loss @ 0.9399

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!