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The price of USDCHF on the daily timeframe formed a bullish close off support suggesting we could see a reversal offering a long opportunity.

Watch the video to learn more…

 

Daily Trend

usdchf daily trend

The price of USDCHF has recently found support in a key area, suggesting we could look for a long opportunity. 

When the price forms a bullish rejection it tells us that a reversal could be likely. If the price does move higher we could see a move back towards 0.9200.

4hr Trend

usdchf 4hr trend

The price has made a new higher high on the 4hr time frame showing the potential for an uptrend to form. 

The price is currently retesting the previous 4hr highs as support, if this holds and the price breaks above the current 4hr candle high we could look for long trades.

15-Min Trend

usdchf 15min trend

The trend on the 15 minute time frame is currently down, we would need to see this change if we were to look for a day trading opportunity. 

Look for this trend to form a higher high and higher low pattern to trade the daily momentum on the lower time frame.

Enjoy low spreads and quick trade executions with a live account. Our highly committed customer support team will assist you from your quick account setup to any future concerns. Start trading with Blueberry Markets today.

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