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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD/CHF profit target reached, time to turn bullish

Price dropped perfectly from our selling area and has reached our profit target. We turn bullish above 1.0000 support (Fibonacci projection, big figure, recent swing low) for a push up to 1.0077 (Fibonacci retracement, Fibonacci projection, descending resistance).

Stochastic (21,5,3) is seeing strong support above the 5% level.

Buy above 1.0000. Stop loss at 0.9959. Take profit at 1.0077.

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