Analysis on #USDCHF
Hello friends.
The CHF is the strongest currency today, maybe it is all going to change when the US trading session starts, but let's look at what we have right now.
From technical analysis, POV in a strong downtrend and the bearish cycle is not over yet, and the market failed to rally and closes above 0.9050 resistance level which is a bearish signal, so what I want to see is a break and closes below the recent structure support level low near 0.9830.
a closes below the low will open the door for us to go to 0.8800-0.8785.
The Buy-side does not seem very appealing to me even if we are supported above 0.8930
Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated
Check today analysis below⠀
>>“In Trading Losses Are the Cost of The Wins, TradingAxis.”
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
Hello friends.
The CHF is the strongest currency today, maybe it is all going to change when the US trading session starts, but let's look at what we have right now.
From technical analysis, POV in a strong downtrend and the bearish cycle is not over yet, and the market failed to rally and closes above 0.9050 resistance level which is a bearish signal, so what I want to see is a break and closes below the recent structure support level low near 0.9830.
a closes below the low will open the door for us to go to 0.8800-0.8785.
The Buy-side does not seem very appealing to me even if we are supported above 0.8930
Friend, if I am helping you somehow, you can also help me by liking this post and commenting below. much appreciated
Check today analysis below⠀
>>“In Trading Losses Are the Cost of The Wins, TradingAxis.”
____________________________________________________________________________⠀
-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
