USDCHF 1.0155 – bullish – Rallies within a 4-week rising channel
USDCHF reached 1.0220 (November 18, 2015 high) while forming a 4-week rising channel (as shown on the daily chart). While the 1.0076/0.9990 support zone (November 8 high/November 12 low, 2015) holds dips, above 1.0220 would extend the uptrend towards the 1.0239 YTD peak (January 14, 2015). Clearing the latter would confirm a major year-long base and firm for 1.0640 (July 26, 2010 high) next.
However, a break below 0.9990 would caution bulls near-term for further correction towards .9957 (October 28, 2015 high) then possibly .9835 (November 2, 2015 low).
Outlook:
Intraday: neutral
Daily: bullish
Weekly: bullish
USDCHF reached 1.0220 (November 18, 2015 high) while forming a 4-week rising channel (as shown on the daily chart). While the 1.0076/0.9990 support zone (November 8 high/November 12 low, 2015) holds dips, above 1.0220 would extend the uptrend towards the 1.0239 YTD peak (January 14, 2015). Clearing the latter would confirm a major year-long base and firm for 1.0640 (July 26, 2010 high) next.
However, a break below 0.9990 would caution bulls near-term for further correction towards .9957 (October 28, 2015 high) then possibly .9835 (November 2, 2015 low).
Outlook:
Intraday: neutral
Daily: bullish
Weekly: bullish
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.