USD/CHF to All Time Lows?

FX:USDCHF   U.S. Dollar / Swiss Franc
Good morning traders; we hope you are starting the year in a fantastic way. Today we bring you an analysis of the USD / CHF pair, as we consider the possibility that the price will retest the levels of historical lows.

🔸As we can see, we are talking about a monthly chart, so this projection is long-term, but depending on the speed of the movement, the duration can vary.

🔸After consolidating for approximately ten years after generating the historical low, the price managed to break the ascending trendline of the consolidation. From there, the bearish movement has been evident.

🔸In recent months, due to the abrupt decline in the dollar, this pair has obviously been affected.

🔸If we analyze the nearby support areas, the first support area we find is at 0.83000, approximately 500 pips from the current price.

🔸If the price reaches this zone and breaks it, the next support zone is around 1300 pips, in the price zone of 0.71200.
If you want full access to:

-All the setups we are taking
-The analysis we are making
-Learning all our methods and strategies
-24/7 support on any trading issue


Very good, visit my profile too
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 Ideas Published Followers Following Private Messages Chat Sign Out