USDCHF - Long-Term Forecast

Weekly price is located below Ichimoku cloud in the bearish area of the chart. The price is on ranging within 0.7603/0.8040 support resistance channel for direction of the breakout with the bullish reversal or for the bearish trend to be continuing. Stochastic Oscillator is showing the oversold market condition so the breakour or at least the bear market rally is very likely in the near future for example. If the price breaks 0.8040 resistance to above so the primary bullish reversal will be started with 0.8249 target to re-enter. If the price crosses the support level at 0.7603 to below so primary weekly bearish trend will be continuing. Trading Summary: waiting for direction of the strong trend to be started.