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Currency Analyst since 2010

Trading USD/CHF with L.Vereshchagin

USD/CHF Technical analysis from 18.11.2013 by Leonid Vereshchagin

Chart 1. Daily USD/CHF 

As the pair had breached the downtrend line to the upside, one should think of buying US dollar. The long position may take time and one may close it breakeven if the pair returns below the downtrend line.  

Buy area: 0.9110-0.9180 (closer to the lower edge)

Stop Loss: 0.8870

Take Profit: 0.9385

Chart 2. H4 USD/CHF 

Corrective move on H4 makes the entry area more precise: 0.9090-0.9125.

 

Technical analysis by Leonid Vereshchagin

Independant  FX trader, coach and analyst

CHF
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