USD-CHF bounced Up from the high of the broad support area
Just as I predicted in my previous analysis in Swiss Franc
However, The pair then fell lower
And is now trading around the low of the support area
Which gives us a perfect setup for a long trade
As the Stop Loss is very small
And the potential...
After the new regulation set by the moroccan dollar, the currency is showing an uptrend of its value. As a reminder, the MAD is plugged to euro and dollars with a respective rate of 60 and 40 percent.
I see this currency growing in the next years and have great potential.
Have a great day!
Dollar index on the daily chart is showing that it is oversold on the RSI so i am expecting to see a pullback from the recent sell off, we may be looking to reach the hourly swing low fib of 0.382 target 101.13
We look at the Weekly chart of the Euro and last weeks trading
suggests more downside. Understand that the selling that happened last week and the fact that we are back inside the wedge suggest more selling is coming. We will look for bounces to resistance and look for TRIGGERS. If they take another stab at a breakout watch the high of last week. If we reach...