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USD/CHF 6 Year Trendline is in 200 Pips

USD/CHF 6 Year Trendline is in 200 Pips

2017-03-16 20:08:00
Jamie Saettele, CMT, Sr. Technical Strategist
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USD/CHF 6 Year Trendline is in 200 Pips

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-“Remember, USD/CHF topped on 3/11 and 3/10 the last 2 years. Might USD/CHF be set up to fail around the same date this year? .9964 is the short term pivot (below is bearish).” The top came early this year (3/7) and price has traded below .9964. As such, trend is lower towards the 6 year trendline.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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