USD/CHF: bulls are preparing for breakout

USD/CHF: bulls are preparing for breakout

On the USD/CHF chart, there is a consolidation in the range of 0.9915-0.9975. A break of its upper or lower borders does not guarantee a restoration of the trend. The resistance is located near parity level. For the continuation of the rally and the implementation of the targets of the "Wolf Waves" and the "Shark" patterns, the bulls need to test the following resistance. 

On the USD/CHF hourly chart, the expanding wedge is in the process of formation. A necessary condition for its implementation and restoration of the uptrend is a breakout of resistance at the parity level.

Recommendation: BUY 1,0000 SL 0,9945 TP 1,02. 

Similar

GBP/USD: pound is overbought

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen but narrow channel Tenkan-Kijun.

gbp

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera