USD/CHF: the USD is strong

USD/CHF: the USD is strong

2019-11-11 • Updated

 Recommendation: BUY 0.998 SL 0.9925 TP1 1.008 TP2 1.013 TP3 1.0225

On a daily chart of USD/CHF a break of the resistance at 0.9985 let bulls continue to move up towards the 113% and 127.2% targets of the “Shark” and AB=CD patterns. They comply with the 1.0130 and 1.0225 levels. The previous resistance acts as the main support for now.


On H1, the price is moving within the upward channel. Bulls are controlling the situation. Buy USD/CHF after the bounce from the key support levels at 1.0025, 0.9980 and 0.9950. 



How about CHF/JPY?
How about CHF/JPY?

CHF/JPY retraced 61.8% of its August-September decline, corrected down, formed a higher low above the 100-day MA and now seems eager to rise to the 78.6% Fibonacci level at 116.90.

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