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FX.co ★ Technical Analysis of Daily Price Movement of USD/CHF Main Currency Pairs, Wednesday, December 20 2023.

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Forex Analysis:::2023-12-20T07:35:16

Technical Analysis of Daily Price Movement of USD/CHF Main Currency Pairs, Wednesday, December 20 2023.

Technical Analysis of Daily Price Movement of USD/CHF Main Currency Pairs, Wednesday, December 20 2023.

If we pay attention on the daily chart of USD/CHF main currency pairs, it is clear that the movement is moving inside the downward slope and below WMA 30 shift 2, where it means currently USD/CHF is moving on the weakness condition which is also confirmed by the CCI indicator which managed to break below the main three levels (100, 0, & -100) as well as the appearance of Bearish 123 pattern followed by Bearish Ross Hook so that based on those facts, USD/CHF has the big potential to continue its downward even though there is an upward correction as long as doesn't break above the level 0,8815, then in a few days ahead, USD/CHF will try to head the level 0,8528 as the main target.

(Disclaimer)

Analyst InstaForex
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