Forex_League

USDCHF Analysis April 5, 2020

Short
FX:USDCHF   U.S. Dollar / Swiss Franc
On the weekly timeframe we are still bearish but we did manage to close above the 8 and 18 moving averages to close off the week last week. We will need to cycle down timeframes to get a better look but keeping in mind that daily and above is bearish at the moment. On the daily timeframe we are definitely still bearish and are actually reentering the supply zone and 200 day moving averages. So the current price is actually below the average for the last 200 days. We are definitely looking to short out of this zone. On the H4 we are looking to form our new LH still and have our zones marked.
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