Recommendation for USD/CHF:Buy
Buy Stop : Above 0.9472
Stop Loss : Below 0.9218
MACD : Buy
Donchian Channel : Buy
MA(200) : Buy
Fractals : Buy
Parabolic SAR : Buy
On Balance Volume : Buy
Chart Analysis

The USDCHF technical analysis of the price chart on 1-hour timeframe shows USDCHF: H1 is rising above the 200-period moving average MA(200) which is declining. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 0.9472. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 0.9218. After placing the order, the stop loss is to be moved to the next fractal low indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account.