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InvestingScope
Oct 21, 2018 8:42 AM

USDCHF: Long towards the 1W Resistance, short on rejection. Short

U.S. Dollar/Swiss FrancFXCM

Description

The price is trading on a 1D Channel Up (RSI = 67.142, Highs/Lows = 0.0019, B/BP = 0.0128) towards the 1W Resistance zone of 1.00384 - 1.00690. Our trading plan is to long to that Resistance zone as a Higher High on the 1D Channel Up and short on the projected Resistance rejection towards 0.98663. USDCHF should generally be bearish on the medium term.
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