Why to short USDCHF

FX:USDCHF   U.S. Dollar / Swiss Franc
22 0 3
Ok so I've done my analaysis on USDCHF             and I'm looking to short it if it meets my requirements.

As you can see this looks like a good technical setup we're in a range market but in a bearish trend on the 4hour chart.
If price gets to the trend resistence it will be very likely to fall back down to around 0.92000
hitting a key resistance level and RSI could get easily oversold.

A very good entry would be at 1.0000 since it's a psychological level and also a very technical one it crosses the diagonal resistance and horizontal together indicating this whould be a very strong resistance level .

Economic events indicate both positive as well as negative forecasts on USD and CHF however my position on this pair would only me confirmed if the FED doesn't increase intrest rates in June.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out