This is a trend analysis of the EUR/CHF pair using our exponential moving averages. The larger time frames like the W1 time frame shown below illustrate that this pair is trending higher. This pair has broken most near term resistance and now has significant upside potential.
Traders should set an audible price alert at at 1.1070 for a resistance breakout. When the alert hits check the Forex Heatmap® forex heatmap for a confirmation buy signal. These moving averages are easy to set up and we use them on all 28 pairs we follow. We use multiple time frame analysis for trend analysis and incorporate support and resistance levels into our analysis for price targets. Doing this and combined with good money management are the keys to profitable forex trading.
EUR/CHF Trend Analysis