After the EURCHF analysis, it was the turn of the USDCHF.
In the last 3 months the price was in consolidation. As we had lower peaks and higher bottoms - a triangle formation.
We now have a breakthrough and we expect the price to continue in the direction of this breakthrough.
Yesterday we also saw a correction of the last decline, so we can expect the movement to continue.
Support levels:
0.9554
0.9497
0.9405
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In the last 3 months the price was in consolidation. As we had lower peaks and higher bottoms - a triangle formation.
We now have a breakthrough and we expect the price to continue in the direction of this breakthrough.
Yesterday we also saw a correction of the last decline, so we can expect the movement to continue.
Support levels:
0.9554
0.9497
0.9405
If you find this useful - give us a like!
If you have the same or different vision for the future movement - comment!
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.