Investor.Unity
Long

USDCHF ANALYSIS 11/03/15

FX:USDCHF   U.S. Dollar/Swiss Franc
177 2 2
Long term trend: Down
Medium term trend: Up
Significant Levels: 1.0000 (Significant Round Number & Horizontal Resistance), 0.9770 (Horizontal Support), Uptrend

Currently, the price is just below the psychological level (1.0000). We can see that after the very large move on January 15, the price has gone up. This means that our bullishness on this market is still intact. The current price is near the latest high that was reached. That high would probably be retested soon. We don't want to be long right away. Either in retracements or consolidations is where we want to place our trade.

Again, we are bullish here but as the price is near the resistance right now, patience is a must. Trade well.
LingYan
2 years ago
Hello, why the long term trend is down?
Reply
Investor.Unity PRO LingYan
2 years ago
If you look at the monthly chart, you can see that the price is going down.
Reply
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