USD/CHF could continue its breakout to the UPSIDE!

FX:USDCHF   U.S. Dollar / Swiss Franc
Hey tradomaniacs,

USD/CHF could continue its breakout in order to complete the correction❗️

Technical aspects:

1️⃣ False breakout below monthly support
2️⃣ Violation of upper Trendline and a breakout of Trendchannel
3️⃣ 5-Wave-Pattern completed heading into an A-B-C-Correction
4️⃣ MAC-D bullish divergence with equal Lows
5️⃣ High volatility at Key-Support (SL-Fishing)
7️⃣ Low open interest below key-support-zone
8️⃣ 55 EMA and 21 EMA violated and crossed
9️⃣ Momentum to the upside with chasing PoC of higher prices


1️⃣ CHF/JPY falling indicating CHF weakness as USD vs JPY still weak
2️⃣ DXY (US-DOLLAR-BASKET) rising due to risk-off-mood in the market
3️⃣ S&P500 as expected rejected off Trendline and tends to correct

LEAVE A LIKE AND A COMMENT - I appreciate every support! =)

Peace and good trades

Wanna see more? Don`t forget to follow me.

PS: This week I only share my analysis as market-conditions are still weak due to loq volume and liquidity! Will be back with signals next week!


Lets go !!
+1 Reply
Good technical set up!
+1 Reply
@abel11, thank you =)
Wow nice technical analysis!!
Do you also do fundemental analysis due news that have a impact to the economy for example 20 january through joe bidden etc..?
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out