The Diminishing Trend of USD/CHFUSD/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 it will touch 0.9060 , which is the second target.
NOTE:
1. Don't buy if the trend crosses the parallel channel.
2. Don't sell if the trend crosses the strong resistance trendline.
Usdchftrendanalysis
USDCHF Consolidation Range for Long.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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USDCHF CLOSE TO BREAKOUT FROM SYMMETRICAL TRIANGLEHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
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.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R..Lopes
Sell on USDCHF after hitting Resistance (H1)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 above the D1 support.
Let us know your views on this in the comment section. Thank you all.
There is a good news for our followers. We will be doing analysis on demand for our followers. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R.Lopes