HomeContributorsTechnical AnalysisUSD/CHF Another Breakout Attempt

USD/CHF Another Breakout Attempt

Price increased and resumed the yesterday’s bullish candle. Is pressuring the upper median line (UML) of the major descending pitchfork, a valid breakout will bring us a good buying opportunity. USD/CHF has managed to stay above the WL2, signaling that the bulls are strong on the short term. Price needs support from the US data, otherwise, we may have another false breakout.

MultiBank Exchange Group
MultiBank Exchange Grouphttp://www.mexgroup.com
Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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