USD/CHF bears on verge of hitting fresh 2-1/2 years’ lows

FX:USDCHF   U.S. Dollar / Swiss Franc
The current USDCHF             prices are tumbling down below DMAs on daily plotting to hamper the previous bullish sentiments observed in the last week.

While the long-lasting non-directional phase in the major trend has now turned out to be bearish after failure swings at stiff resistance at 1.0007 levels.

Upon failure swings at the stiff resistance of 21DMA in the minor trend, we see no traces of bullish sentiments, the current price collapsing below DMAs signal extreme weakness again, while both leading & lagging indicators in tandem with price action.

The major trend is on the verge of hitting 2-1/2 years’ lows after breaching below wedge baseline, momentum & trend indicators on monthly terms are also in tandem with these bearish price movements.

Contemplating lingering bearish sentiments on both minor and the major trends, on trading perspective, it is advisable to tunnel spreads using upper strikes at 0.9294 and lower strikes at 0.9150 levels, the strategy is likely to fetch leveraged yields as long as underlying spot FX keeps dipping but within these strikes on or before the binary expiry duration.

While the FxWirePro currency strength index for the USD has been bearish by flashing -76 (which is negative), while CHF has also been highly bearish by flashing -86 while articulating (at 10:27 GMT             ).
No BULLS about it. Pun intended. haha.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out