USDCHF Reached -700 Points Loss in Buy Signal

USDCHF Technical Analysis for Buying

USDCHF has moved in an Uptrend by forming higher high, higher low in 1-hour time frame chart.

USDCHF Higher low reach in 1hr timeframe

USDCHF starts to raise from a higher low of an Uptrend line.

Last week, USDCHF starts to bounce back for a retracement. check our last week analysis here.

In March 2020 the US dollar declined over 10 % and it is continuing till last week. It’s not good for the US economy, Since from 1940s US has never seen such a deeper recession for a long time. This Covid-19 hits the US economy harder.

After the worst decline in July month, USD takes some breath now.

From this Week, profit booking takes place among the big investors.

After the confirmation of Upward movement, USDCHF Buy signal is given.

But still, the USD fall continues as the US market is not enough to make retracement on this week.

Gold Breaking the historical highs, again and again, this shows that “USD” is getting weaker among worldwide investors.

USDCHF fall down continuously without retracement and it reached our Stop loss price.

USDCHF SL hits 70 pips

If you like to receive forex signals at best trade setup, Subscribe now: forexgdp.com/forex-signals

If you need any help or have any questions, please click here to contact now.

FOREX GDP

Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.

FOREX GDP