Usd/Chf : 16/03/2015
Our Preference: Buy above 1.0030 level for the target of 1.1120 level in extension
Alternative Scenario: Nill
Technical Commentary : In Weekly chart, Usd/Chf was reached key resistance of 1.0100 levels, After dropped on 15th Jan 2015 from 1.0200 levels to 0.7700 levels, Now almost Usd/Chf retain back to 1.0100 level.
In daily chart, Usd/Chf was trading in the equidistant channel lines and its trading in between key support levels 1.0030 and Key resistance levels 1.0130 & 1.0250 levels, now its moving towards upper trend line and yearly high 1.0200 levels.
In 4 hour chart,Usd/Chf was trading in the equidistant channel lines and we got intraday support level so we can buy near support level 1.0000,
In 1 hour chart, Usd/chf was trading in the buying trend with intraday upper trend line and with intraday triangle pattern, so we can buy near lower support level with stoploss :- We have shown in image.