Confluence
On the daily, we can clearly touch on a well-tested support area. Another thing we can see is the bearish divergence which could be a sign for a possible push to the upside. Another thing we can see is the head and shoulders pattern which might lead to a push to the upside.
COT
If we look at the COT reports we can clearly see a decrease in short positions and an increase in long positions. At this point, CHF is moving down but a push to the upside will not be a huge surprise because the USD is also getting weaker.
CHF COT: tradingster.com/cot/futures/fin/092741
USD COT: www.tradingster.com/...egacy-futures/098662
On the daily, we can clearly touch on a well-tested support area. Another thing we can see is the bearish divergence which could be a sign for a possible push to the upside. Another thing we can see is the head and shoulders pattern which might lead to a push to the upside.
COT
If we look at the COT reports we can clearly see a decrease in short positions and an increase in long positions. At this point, CHF is moving down but a push to the upside will not be a huge surprise because the USD is also getting weaker.
CHF COT: tradingster.com/cot/futures/fin/092741
USD COT: www.tradingster.com/...egacy-futures/098662
Comment:
I am sorry for the mistanke i mean bullish divergence!!!!!