USDCHF Weekly Analysis - October 18, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 18 October 2014 10:00 UTC
USDCHF is facing the support of the rising price channel on daily chart. As long as the channel support holds, the uptrend from 0.8703 could be expected to resume, and another rise towards 1.0000 is still possible. On the downside, a clear break below the channel support will indicate that lengthier consolidation for the uptrend is needed, then deeper decline to 0.9300 area could be seen.

usdchf chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.