Overview- USD/CHF is in a correction wave from the last two weeks.
However, price is currently finding support in the 0.9180 level and the uptrend may resume
very soon. Let us analyze and take a look at a possible buy signal for USD/CHF.
Analysis - From the chart, you can see that price is above the 100 day
moving average, which indicates that the uptrend is intact. 0.9150 to 0.9220 could act
as a strong support level. Bullish reversal candlesticks have already formed at the support level.
Probable trade set-up - Based on this, a buy entry between 0.9170 to 0.9220
with SL below 0.91 and TP at 0.9470 is a possible buy signal for USD/CHF.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
However, price is currently finding support in the 0.9180 level and the uptrend may resume
very soon. Let us analyze and take a look at a possible buy signal for USD/CHF.
Analysis - From the chart, you can see that price is above the 100 day
moving average, which indicates that the uptrend is intact. 0.9150 to 0.9220 could act
as a strong support level. Bullish reversal candlesticks have already formed at the support level.
Probable trade set-up - Based on this, a buy entry between 0.9170 to 0.9220
with SL below 0.91 and TP at 0.9470 is a possible buy signal for USD/CHF.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.