USD/CHF: the franc is weak

USD/CHF: the franc is weak

Recommendation:

BUY 0.9955

SL 0.99

TP1 1.0055 TP2 1.01 TP3 1.0130

On the daily chart of USD/CHF, there was a rebound to the  23.6% level from the CD wave of the junior “Shark” pattern within its transformation to the 5-0 pattern. After that, bulls managed to take initiative. To continue the rally to 88.6% and 113% targets of the senior “Shark” pattern, bulls need to break the resistance at 0.9955.

usdchf_d.png

On H1, there is an implementation of the “Wolfe Waves” pattern.  To continue the movement up, bulls need to break the resistance of the 2-4 line.

usdchf_60.png

Similar

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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