DragonCaptain

USDCHF TREND BREAKOUT USD STRENGTH IN FOCUS

FX:USDCHF   U.S. Dollar / Swiss Franc
USD lowered today as risk sentiments diminish with vaccine and economic recovery in view. So, incoming days USD price action will be significant to enter in to BIG PIPS trade. Wait for further updates on it. USDCHF is trading in the wedge for quite a long but as USD is getting stronger. While the price is above the support 0.9180, the beginning of uptrend is expected.Before we make sure when the resistance at 0.9900 breaks. If the support at 0.9180 is broken, the short-term forecast we will not enter the uptrend. So confirmation is compulsory before we enter a trade.

The symmetrical triangle is in shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle. A peak is a point is at 0.9783, so more losses to major Support 0.9180 is expected.
Trade With Confidence

Comments

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