USD/CHF bounced off the 100day EMA, time to rise?
Overview- USD/CHF has been in a state of steady decline over the past two weeks.
However, it seems, a reversal might be on the way.
Analysis - From the chart, you can see that USD/CHF has bounced from the 100 day
EMA. A bullish candle has formed at that level. Today's daily candle will be important. If we have
another bullish candle today then USD/CHF will probably continue to rise over the next few days.
Probable trade set-up - A buy between 0.9120-0.9165 with SL below 0.9080 and
TP at 0.94 is a probable trade signal.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.
However, it seems, a reversal might be on the way.
Analysis - From the chart, you can see that USD/CHF has bounced from the 100 day
EMA. A bullish candle has formed at that level. Today's daily candle will be important. If we have
another bullish candle today then USD/CHF will probably continue to rise over the next few days.
Probable trade set-up - A buy between 0.9120-0.9165 with SL below 0.9080 and
TP at 0.94 is a probable trade signal.
Disclaimer - This is simply an analysis and not a trade recommendation. The trades will be
executed only if it meets the required criteria.