Analysis of USD CHF Daily timeframe. Big upward move expected.
https://www.tradingview.com/x/uvur0HKd/
USD CHF was for the last couple of months tracking down in its price, inside of a falling wedge. But on Wednesday and yesterday price appears to have exited this giant wedge.
The Relative Strength Index has this pair heavily oversold, so much so that a bigger move in the opposite positive direction by the USD is surely on the cards very soon, as some of the shine and value of USD enters the minds of traders and it becomes bought-up instead of bought-down.
* easy_explosive_trading analysis only. We don't intend or expect to get every analysis correct, however we follow the path of least destruction and resistance.
USD CHF was for the last couple of months tracking down in its price, inside of a falling wedge. But on Wednesday and yesterday price appears to have exited this giant wedge.
The Relative Strength Index has this pair heavily oversold, so much so that a bigger move in the opposite positive direction by the USD is surely on the cards very soon, as some of the shine and value of USD enters the minds of traders and it becomes bought-up instead of bought-down.
* easy_explosive_trading analysis only. We don't intend or expect to get every analysis correct, however we follow the path of least destruction and resistance.
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