USDCHF pair Analytics based on the circular level, price channels and altered wave analysis.
Technical outlook USDCHF today 01/28/2020
USDCHF The pair is trading in the range of circular important level of 0.9700. On the daily timeframe shows that the USDCHF exchange rate is in the range of historic lows since mid-2018. Also on the daily timeframe is now likely formed right shoulder inverted "head and shoulders". Visual analysis of the daily timeframe allows us to assume that probably begins an upward movement. Since the purchase of swap is positive, if we earn not only a successful developments on the difference in price, but also on the swap.
USDCHF trading decisions:
USDCHF traders to buy the pair above 0.9720 round secondary level.
Stop Loss at all secondary level - 0.9680.
Target levels - 0.9750 (closing ½ warrant and the transfer to breakeven); 0.9750; 0.9818.
Analytics Grand Capital
Analytical reviews and comments reflect the personal opinion of the authors and are not a recommendation to trade. Special Forex shall not be liable for any damages in case of a vision materials.