USD/CHF Trend Changed to Bullish

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

After the break of a descending trendline and a BPC pattern we see a continuation of the trend. POC zone could provide fresh buyers.

0.9840-50 is the zone where we might see another bounce. Above D H4 0.9875 we should see a continuation towards 0.9892, 0.9906 and 0.9918 as the weekly target. Only below 0.9800, the trend on the pair will return to bearish. At this point the negative correlation is again completely restored between EUR/USD and USD/CHF. Watch for fresh buying within the POC zone.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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