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Wavey_Ishmael
Dec 26, 2018 8:21 PM

USDCHF - LONG  Long

U.S. Dollar/Swiss FrancFXCM

Description

From looking at the weekly timeframe on USDCHF we can see a lot of bullish momentum this is illustrated by the long wicks to the downside suggesting price tried to decline but was unavailable due to buyers causing a lot of spikes. On the daily timeframe we can see a strong level of support that price has tested on three different occasion displaying strength. i believe if we could close above the blue daily downward trendline we could see bullish momentum with this currency pair up till monthly resistance 1.02800 which is also the fibonacci -27.00 target
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