Get started
U.S. Dollar / Swiss Franc
Long

USDCHF: Entering Demand Zone

By VasilyTrader
snapshot

hey traders,

I was asked a lot about USDCHF.

Analyzing 4H chart we can see that the market is currently entering a very wide zone of demand.
this zone is based on a rising trendline and horizontal structure.
Chances are very high that we will see a bullish reaction from this zone at least to 0.992 level.

for now, it is very difficult to tell from which point exactly we will see a retracement.
First, look for a reversal formation before taking any action.

I will post an update later on.
chfForexFundamental AnalysisswingswissfrancTechnical AnalysistradingTrend AnalysisUSDUSDCHFUSD (US Dollar)Wave Analysis
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

💰Instagram: instagram.com/VasilyTrader/ 💰

✅Facebook: facebook.com/VasilyTrading/ ✅
Also on:

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.