USDCHF
Intraday - We look to Sell at 0.9856 (stop at 0.9881)
The previous swing high is located at 0.9870. We look for a temporary move higher. Preferred trade is to sell into rallies.
Our profit targets will be 0.9795 and 0.9785
Resistance: 0.9800 / 0.9830 / 0.9860
Support: 0.9760 / 0.9730 / 0.9700
Please be advised that the information presented on...
The strength of the dollar may wreck the franc. I think it might correct heavily against both the dollar and the yen. While this was not as per my expectations, it seems like price action has its own plan. What interesting times we live in.
ADDITION TO MAIN PUBLICATION, LINKED ON THE BOTTOM.
As said before, the trend remains bullish. We found a good support on the Weekly combined with the middle of the Uptrend Channel since march 2020.
Trend remains bullish as of now.
Retest of the Monthly at 0.458 would now make sense.
After formation of bearish cypher the pricline of Swiss Franc has formed a bearish CRAB pattern.
RSI is overobught.
The MACD is turning bearish.
This is a good opportunity to short betwen 1.27 to 1.618 fibonacci.
The short position can be taken between:
0.99359 to 0.99720
Regards,
Atif Akbar (moon333)
