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USDCHF Technical Analysis and Harmonic Overview

USDCHF Technical Analysis and Harmonic Overview

USDCHF Pair is about to re-enter the bull market medium term.

The price is above the EMA50 Daily Chart.

Ichimoku Readings shifts to bullish as the price closed above the sell cloud.

SMA100 and SMA200 D1 resistance limits near-term upwards move at 0.99500-0.99600.

A firm daily closing above 0.99600 would accelarate the bullish move. Parity 1.0000 is the psychological level. Break out of the parity would send pair above 1.01000 medium term.

Near Term Overview H4 Chart:

We see a Bearish Bat Pattern and/or Alt Bat on the H4 Chart. Details of the patter has been posted before.

Potential retracements towards 0.98500 can be used as a buying opportunity. ( Ref Bullish White Swan on the H1 Chart)

Intraday Levels:

Upside: 0.9948 0.9979 1.000

Downside: 0.9918 0.9887 0.9857

Next Entry alert with targets will be sent to members.

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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money

USDCHF: Technical Analysis: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility

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