USD/CHF with Leonid Vereschagin
By Leonid Vereschagin, independent trader and analyst
Technical analysis [USDCHF] 14.03.2014
Chart 1. Daily USD/CHF
On the daily chart USD/CHF is testing the broken trend line, that is acting as a support for a fourth time in a row. The pair is trading in a bearish channel.
However, in a short term I'm bullish for the pair. There are strong technical factors, speaking in favor of buying the greenback.
Chart 2. H4 USD/CHF
Optimal entry point - 0.8730. The deal is moderately agressive.
Buy in a range: 0.8700-0.8750
Stop Loss: 0.8680
Take Profit: 0.8850
Chart 3. H1 USD/CHF
Резюме: buy-signal is confirmed.