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ForexTrendline
Sep 2, 2020 4:47 AM

Breakthrough and rising! Long

U.S. DOLLAR / SWISS FRANCICE

Description

After seeing the lowest values from 2015 and a rare increase since yesterday, today we expect the increase to continue.

Here are some of the reasons for this expectation:

1. We have a break in the downward trendline.
2. On the daily chart we have several reversal candles.
3. The price fails to make clear lower bottoms.
4. Weekly repulsion.

Like and comment how far will USDCHF go?
Comments
raazz1979
Very good analysis
ForexTrendline
@raazz1979, Thank you very much!
JeremyM-04
@ForexTrendline, Hey do you think the news will decrease the US Dollar causing this to become a sell?
JeremyM-04
@raazz1979, Hey do you think the news will decrease the US Dollar causing this to become a sell?
raazz1979
@JMBEAST1, Only for short period of time, but not change the direction.
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