USDCHF > 10/8-13/17 Trade Analysis
Timeframe: 1W
Weak bullish trend, yet expecting to hold as break above 0.9777 has occurred.
Awareness as pair approaches next major resistance @ 0.9880.
Break and hold above this level can expect further rise to 0.9990 in medium term as long as pair remains above key support @ 0.9708 level during weekly range.
Break and hold above 0.9990 can extend rise to 1.0030 level.
Note that a firm break and hold below 0.9708 would favor reversal toward 0.9587 level.
Personal bias: Bullish in medium term w/weak tendencies
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
Timeframe: 1W
Weak bullish trend, yet expecting to hold as break above 0.9777 has occurred.
Awareness as pair approaches next major resistance @ 0.9880.
Break and hold above this level can expect further rise to 0.9990 in medium term as long as pair remains above key support @ 0.9708 level during weekly range.
Break and hold above 0.9990 can extend rise to 1.0030 level.
Note that a firm break and hold below 0.9708 would favor reversal toward 0.9587 level.
Personal bias: Bullish in medium term w/weak tendencies
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.