Usdchfforexsignal
USDCHF LongTime Frame: 4H
Symbol: USDCHF
Bias: Long
USDCHF is about to drop this week. The strength of USD is questionable . It hardly gets the impetus to sustain its superiority against its opposite currencies. Considering the intra-day momentum and historical record of oscillation, we believe the price will fall further.
USDCHF LongTime Frame: 4H
Symbol: USDCHF
Bias: Long
As USD seems to be strong this week, there is a potential to have an upward move in USDCHF. But the trades should be taken with caution. As there is no strong support or resistance points to refer,we may still take fallacious decisions. It will be wise to check for candlestick patterns before trading the signal.
USDCHF ShortSymbol: USDCHF
Timeframe: 4H
Bias; Short
Signal Analysis: USDCHF will get an edge when the current price will reach nearest resistance level at our entry price. Then it will go down and will try to reach the downward fibo levels and ultimately reach to the support level. There is a greater chance of USDCHF to oscillate between support and resistance level and that is why trade should be triggered wisely to avoid unwanted losses.