USD/CHF | US Dollar to Swiss Franc Trading Analysis
The USD/CHF currency pair is trading at 0.9733 and keeps moving within the growth and upward channel. The pair is traded above the upper boundary of the Ichimoku Kinko Hyo Indicator Cloud. This indicates a bullish trend for the pair Dollar Frank. The correction and lower boundary test of the Ichimoku Kinko Hyo indicator cloud are expected to develop.
USD/CHF, 30 min
Pivot: 0.9728
Analysis:
Provided that the currency pair is traded above 0.9750, follow the recommendations below:
The timeframe: 30 min
Recommendation: long position
Entry point: 0.9728
Take Profit 1: 0.9765
Take Profit 2: 0.9780
Alternative scenario:
In case of breakdown of the level 0. 9750, follow the recommendations below:
The timeframe: 30 min
Recommendation: short position
Entry point: 0. 9750
Take Profit 1: 0.9715
Take Profit 2: 0.9700
Comment:
RSI shows the possibility of correction.
Key levels:
Resistance
Support
0.9780
0.9715
0.9765
0.9700
0.9750
0.9685
USD/CHF, D1
Pivot: 0.9739
Analysis:
While the price is above 0.9600, follow the recommendations below:
Time frame: D1
Recommendation: long position
Entry point: 0.9739
Take Profit 1: 0.9795
Take Profit 2: 0.9900
Alternative scenario:
If the level 0. 9600 is broken-down, follow the recommendations below.
Time frame: D1
Recommendation: short position
Entry point: 0. 9600
Take Profit 1: 0.9500
Take Profit 2: 0.9375
Comment:
RSI shows further growth.
Key levels:
Resistance
Support
1.0000
0.9600
0.9900
0.9500
0.9795
0.9375
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