A change in structure on USDCHF monthly?

FX:USDCHF   U.S. Dollar / Swiss Franc
Looking at the USDCHF             monthly shows that we have had a break of the long term downtrend line from 2002 back in May of last year. What is more interesting here is the change in structure. It could be said that the market has been in a range since November '11, when we had the first support felt at 0.8756 and a touch of resistance at 0.9951. Currently, we are in a descending triangle on the 4H with a break below opening up, longer term, the 0.9000 level. What is key here for a break of this structure is that a higher low is made on the Monthly to confirm a possible uptrend.

Form your own opinions.

This is not to be interpreted as investment advice.

Trading leveraged products carries a potentially high level of risk.

Losses may exceed deposits.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out