USD/CHF Continuation Pattern To Be Confirmed!
Login

USD/CHF Continuation Pattern To Be Confirmed!

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Olimpiu Tuns

Updated:


USD/CHF drops right now as the DXY is trading in the red. Still, the decline could be only a temporary one. The price action has developed a potential upside continuation pattern. The rate has escaped from this pattern, but we still need confirmation before going long.

The USD could take the lead again if the US economic figures come in line with expectations. The Revised UoM Consumer Sentiment, Personal Income, and Personal Spending could boost the pair.

USD/CHF H4 Technical Analysis!

USD/CHF has slipped lower after failing to pass above the 50% retracement level. Failing to retest the broken downtrend could signal a new upside momentum.

Technically, it could move sideways in the short term before really developing a new swing higher. Potential strong growth could be activated by a bullish closure above the 50% retracement level.

Conclusion!

Staying above 0.9166 today’s low and making a new higher high, to close above 0.9200 could really validate an upside continuation!

 

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News