With the candlestick pattern from the daily candles this was moving strongly downtrend from the last month and this month from the last two weeks the price now heading and moving uptrend, but still did not manage to break the main Bearish trendline and I think now again the price could make some bearish movement to hit the Simple Moving Average lines of 50 level to hold the breath before again start the uptrend movement. If we see the candle of 4 hours can break below the SMA 50 level then it going to again re-test the previous support level of 0.9845
Because of the Stochastic Oscillator started to moving downside and it must fall down to again hit the oversold area.
150170
Hello mate, I agree with you that USDCHF is building up some bearish pressure to move downwards. The up swing is just a correction of the huge down swing that caused price to break through the trendline and now that price has moved up to retest the trendline, it can hold as support and this is my reason for selling USDCHF this morning.
Ulasan: