USDCHF- 0.88 - 0.87 looks like a strong support area

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USD/CHF - a map for the future

USDCHF has been in a huge downtrend cycle lasting 40 years from 1971 until 2011
In truth the top was in 1970, therefore perhaps it could be even a 50 year cycle ending in 2020.
By the way, 0.88 - 0.87 is a confluence of several systems of analysis and therefore looks like a strong support area, perhaps capable of a valuable bounce for the price, or even to start a reversal.
The price have already made kind of a double bottom in 2011 and 2015, and it seems approaching again the same rising trendline and the price could tap it around september/October.
This would be a triple touch of the trendline, which, if the price would hold above it with weekly candle close, would be really likely to develop a reversal formation for a while.
By the way, in the charts there are 4 important rising trendlines, as well as all the other main horizontal support and resistance which could be useful to assess other trades in the future.
L.S. MASTER TRADING SYSTEM
交易结束:到达目标
lsmtsTrend AnalysisUSDCHFusdchfideausdchflongusdchfprediction

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