31/03/2015 USDCHF IntraDay analysis (VIDEO)


Analysis routine– Top-down analysis system.
Today our focus is on USDCHF Intraday.

Monthly chart- A bearish price action has formed at a resistance

Weekly chart– Based on the trend line drawn on the chart, we see a corresponding down trend as well

Daily chart- We have drawn a support and resistance on the daily chart.

Recommendation: On the 1hr time-frame, we expect a retest of the minor 1hr support and a subsequent bounce off that zone towards the daily resistance.

 

Author: Jeremy

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