USDCHF Fib analysis

FX:USDCHF   U.S. Dollar / Swiss Franc
102 0

Also notice double top candlestick pattern, signals potential trend reversal to the downside. The Relative Strength Index has moved below 50, indicating the market is not oversold yet and that a downward trend is forming. The price action has retraced further than the 23.6% Fib level from the high posted on 02/11/2014. The price should retrace further to the 50% Fib level at 0.95246.

If this level is broken through, this will act as strong confirmation of a trend change and formation of a downward trend.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out