Currency Analyst since 2010

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. 

Trade signal

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.

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