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daltray
Mar 22, 2020 5:32 AM

USDCHF - 1D Analysis 

U.S. Dollar/Swiss FrancFXCM

Description

The price has reached the resistance channel and looks like it is stuck on the horizontal resistance line, the last candle formation is a bearish spinning top. The price movement that is stuck on the resistance line and the spinning top candle can be an early sign of a reversal, but it still needs further confirmation. There is still a possibility of the price moving up to test the next horizontal resistance level, seeing the strong bullish movement. For those who feel conservative to be more careful.
Comments
transparent-fx
here is what I have for usdchf, interesting pair
daltray
@transparent-fx, of course, man. My pleasure!
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