Dolar A.S. / Franc Swiss
Panjang

USD/CHF may resume the uptrend very soon

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Overview- USD/CHF is in a correction wave from the last two weeks.
However, price is currently finding support in the 0.9180 level and the uptrend may resume
very soon. Let us analyze and take a look at a possible buy signal for USD/CHF.

Analysis - From the chart, you can see that price is above the 100 day
moving average, which indicates that the uptrend is intact. 0.9150 to 0.9220 could act
as a strong support level. Bullish reversal candlesticks have already formed at the support level.

Probable trade set-up - Based on this, a buy entry between 0.9170 to 0.9220
with SL below 0.91 and TP at 0.9470 is a possible buy signal for USD/CHF.

Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.

Penafian

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