SXY

SWISS FRANC CURRENCY INDEX has been trading down with lower highs and thats indicates to more highs , the currency is forming a down channel with rejecting from MA 100 150 200 its more bearish .

As you can see also MACD and RSI is going down thats only confirmation because as we know indicators doesn't predict the market its only follow .

I am Guessing that USDCHF will fly high very soon due to bullish analysis for DXY .

Thanks

Trade closed: stop reached