USD/CHF ( DAILY ) RECOMMENDATION: SELL SUMMARY: The secondary trend of USD/CHF is bearish on charts and price is trading below the trend line in its daily chart. In daily chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair. It is having an important resistance at the level of 1.0005 and support...
USDCHF Poised to go up. There are many reason why we feel USDCHF may rise. 01. It could not touch quarterly sell level. 02. Hammer & Bullish Engulfing pattern in daily Chart. 03. To rise and clear quarterly targets it has to come down to gain momentum for up move. 04. Stoch RSI (3,3,14,Close) clearly states the USDCHF may rise. 05. RSI(14,CLOSE) Is also of...