The USD/CHF currency pair is trading at 0.9733 and keeps moving within the growth and upward channel. The pair is traded above the upper boundary of the Ichimoku Kinko Hyo Indicator Cloud. This indicates a bullish trend for the pair Dollar Frank. The correction and lower boundary test of the Ichimoku Kinko Hyo indicator cloud are expected to develop.
Our Analysis:
Provided that the currency pair is traded above 0.9750, follow the recommendations below:
- The timeframe: 30 min
- Recommendation: long position
- Entry point: 0.9728
- Take Profit 1: 0.9765
- Take Profit 2: 0.9780
Alternative scenario:
In case of breakdown of the level 0. 9750, follow the recommendations below:
- The timeframe: 30 min
- Recommendation: short position
- Entry point: 0. 9750
- Take Profit 1: 0.9715
- Take Profit 2: 0.9700
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