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Currency analyst

USD/CHF: bears are dreaming of a correction

On the USD/CHF daily chart, "bulls" fulfilled two targets that had been set earlier. In accordance with the principles of "Shark" patterning, if the 113% level is reached, the risk of correction towards 38,2%-50% from the CD wave increases. Then, there should be a restioration of the upward trend. 

On the USD/CHF hourly chart, if "bulls" fail to break the lower boundary of the upward trade channel and the support line at 0.986, the quotes may fall towards the 0.98 and 0.9785 levels where targets of the "Bat" pattern are located. From these level it pays to form longs

Recommendations:

BUY 0,98 SL 0,9745 TP 0,991

BUY 0,978 SL 0,9725 TP 0,991

CHF
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