Is $USDCHF completing its correction in the uptrend?

The US dollar strength is no secret. Greenbacks are appreciating against every under the sun these weeks. Since a couple of days though the dollar has been consolidating against Swiss Franc, completing a classic two-leg as the 4 hour chart shows.

$USDCHF 4h chart: Can it come out of the corrective move?
Now price is testing the short-term down-trend line. A break indicates the end of this correction and signal a buying opportunity. I would expect the $USDCHF to continue its uptrend towards the longer term targets.















Weekly chart: I use the channels as profit targets
























*All ideas presented here are my personal opinions and not investment advice. Take responsibility for your own risks!

Comments

Popular posts from this blog

How to trade

Traders and blogs worth following

$GBPUSD chart analysis