USDCHF Wave Analysis

USDCHF: ⬇️ Sell

  • USDCHF broke daily up channel
  • Likely to fall to support level 0.7745

USDCHF currency pair recently broke the daily up channel from the start of March – which accelerated the active impulse wave 3.

The active impulse wave 3 belongs to the intermediate impulse wave (3) from the start of November.

Given the clear daily downtrend, USDCHF currency pair can be expected to fall further to the next support level 0.7745 (low of the previous correction iv).

FxPro
FxProhttp://www.fxpro.co.uk/?ib=606792
FxPro is an award-winning online broker offering Contracts for Difference (CFDs) on forex, futures, spot indices, shares, spot metals and spot energies. FxPro serves clients in over 150 countries worldwide and offers multilingual customer support 24/5. Trading CFDs involves significant risk of loss.

Latest Analysis

Learn Forex Trading