For Traders

Analytical Reviews

Trend line

05.04.202109:38 Forex Analysis & Reviews: USD/CHF Ready To Advance Higher!

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

USD/CHF is trading at 0.9429 and it seems determined to resume its uptrend. You already know from my former analysis that the bias remains bullish, so the pair could approach and reach new highs anytime.

The price has decreased a little to test and retest the 0.9416 former high, support level. It has stabilized above this level and now it could jump higher again.

USD/CHF could move higher as long as it stays above the uptrend line. The current sideways movement could attract more buyers.

Trading Conclusion!

USD/CHF's failure to stay below 0.9416 is seen as a buying opportunity with a first upside target at 0.9469 former high.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.