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USDCHF: Rejection on the 1D MA50. Sell.

Short
U.S. Dollar / Swiss Franc (FX_IDC:USDCHF)  
InvestingScope  
FX_IDC:USDCHF   U.S. Dollar / Swiss Franc
Trend Analysis Chart Patterns Technical Indicators USDCHF USD chf DJ FXCM Index swissfranc trading Forex Currencies forextrading
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trendanalysis chartpattern indicator usdchf usd chf usdollar swissfranc trading forex currencies forextrading
The USDCHF pair got rejected on Friday on the 1D MA50 and is extending those losses today. The long term pattern is a Channel Down and the currently neutral 1D time frame technically (RSI = 49.936, MACD = -0.001, ADX = 19.890) suggests that this is a strong sell entry. You can target S1 but we are willing to go marginally lowe on S2 (TP = 0.87610) based on the January bearish fractal.

Prior idea:

USDCHF: Channel Up running out of fuel?

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