Main Quotes Calendar Forum
flag

FX.co ★ Daily analysis of USD/CHF for May 22, 2018

parent
Forex Analysis:::2018-05-22T12:15:14

Daily analysis of USD/CHF for May 22, 2018

USD/CHF

A short-term bearish signal has been generated on the USD/CHF pair. The recent 2-week consolidation has threatened the last bullish bias, and the price has started going downwards, thus sendaing a "sell" signal. The price is expected to go further and further southwards, reaching the demand levels at 0.9950 and 0.9900.

Daily analysis of USD/CHF for May 22, 2018

There is a Bearish Confirmation Pattern on the 4-hour chart, and that has sent a short-term bearish signal. Further bearish movement can eventually invalidate the long-term bullishness in the market.

Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...