USD/CHF is making a slope here, between a strong resistance trendline and a support trendline. The trend made an upswing parallel channel, But it can fall and knock the control price line.
There is a possibility that It will rise to 0.9200 , and then it can touch 0.9236 .
Also, there is a possibility for the fall to 0.9100 , which is the first target. Then...
USDCHF is trading in channel pattern, but in the very narrow range, we might see in some more time it will trade in channel pattern. Also, it is facing various resistance for upside movement, so the upside move will be very restrictive in USDCHF. One can trade on USDCHF for very few pips on the upside.
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As we can see, the pair is very close to its Symmetrical Triangle breakout. One can wait for it to break either support or resistance.
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Hello traders, welcome back to a brand new analysis. Here is our analysis on USDCHF. As we can see that the pair has hit its trendline resistance which was its previous support. It recently went up after hitting the trendline support. The horizontal support and resistance used in this analysis are from D1. One can short the trade from here keeping the TP just...
