USDCHF is overbought on the 1D technical outlook (RSI = 74.650, MACD = 0.007, ADX = 47.655) as it hit the top of the yearly Channel Down. That is exactly on the 0.786 Fibonacci retracement level, where the LH prior was always priced, also after an approximately +8.50% rise. The 1D RSI is making a reversal inside the overbought zone and we are about to form a 1D...
Hey traders, in today's trading session we are monitoring EURCHF for a selling opportunity around 1.035 zone. Once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Although we are seeing a long-term rising wedge form, the fruition of a downturn at the end of the wedge is still some months into the future. In all liklihood, we still see a bit of an upward movement given how overcrowded the short trade is according to the bull bear oscillator. A trading week is five days which is why I used 5 day RSI to highlight how poorly...
Pound vs Swiss France pair took the Bearish momentum after the breakout of Bullish Trend at the end of May month and then it retraced and started New Lows and Since that time this pair is in bearish Momentum.
Currently, we can notice that price has touched the trendline third time and laying at the very interesting level of resistance 1.28000 plus 61.8 Fibonacci...
