Red line is 2019 close (2020 open).
Considering we are above Kumo cloud both on daily and monthly plus having 2 bullish piercing patterns on daily - price should keep rising.
Price is also making higher lows on daily.
Also observe - price formed massive diamond bottom bullish reversal pattern on daily since Dec 2019.
It means dollar will strengthen as USDCHF is correlation "clone" of dollar index (DXY).
For educational purposes only.
Considering we are above Kumo cloud both on daily and monthly plus having 2 bullish piercing patterns on daily - price should keep rising.
Price is also making higher lows on daily.
Also observe - price formed massive diamond bottom bullish reversal pattern on daily since Dec 2019.
It means dollar will strengthen as USDCHF is correlation "clone" of dollar index (DXY).
For educational purposes only.