Technical analysis of USDCHF

USDCHF Daily

Market is ranging at the moment, close to be coming a bullish trend with the 21 and 55 close to crossing each other. Price is bullish with the 5 above the 8. Right now price is at MR1 at the top of resistance. My prediction is that price will come back down to around MM3/0.979 and i will buy at MM3 where i expect it to go towards profit taking at MR2/0.9940.

Source: MT4

USDCHF H4

Market is bullish with 21 above the 51, with price breaking resistance slightly making a higher high. 5 is also above 8 indicating the price is bullish. Price came back down from WR1/0.9774 to just below WM3/0.9726 where i will buy expecting it to head back to profit taking at WR2/0.9844.

Source: MT4

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