Daily chart
The USD/CHF scored again a fresh and this time even below the line 2/8 0.9020 reaching the minimum contribution for December 3. In fact, after this bearish session came what seemed less likely and as a result there was a widening of its uptrend channel time reaching its bottom line below its first weekly support is at 0.9016. But from our point of view, the 0.9033 area remains an important partner support may undermine hard. As well as buying our suggestion above this level remains in effect.
4 hour chart
In 4 hour chart, on the other hand, we can see that after the bearish session Tuesday USD/CHF was close to touching her a weekly support the m ism that now would be their next target if this trend continues, but it is likely that this level act as a basis for consolidation for a possible change of direction. So sell closer and combining our daily and 4-hour analysis would do well to wait for a new bullish attempt to 0.9016 in order to minimize the risk or conversely if we have a stop of at least 60 pips could go above 0.9033.
1 hour chart
Finally, in our 1 hour chart but there is a downtrend channel, however the same is in a side channel and to the extent that will be forming a consolidation zone having as support zone of 0.9016 price where it is located its S-1 Weekly we may see a shift in that channel in the opposite direction to the current, therefore our suggestion is to place buy positions as this could be the start of a new trend for the next few weeks.
If you have any questions or suggestions, please contact me at:
Email:antonio.inga@analytics.instaforex.com
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