gongambol
Long

USD/CHF possible correction?

FX:USDCHF   U.S. Dollar / Swiss Franc
From the chart we can notice that after the false breakdown of the downward trendline , there was a sharp fall. Helping us with RSI and CCI , can be seen from the first one that has come to an area from which the price often corrected, while on the second there is a clear divergence with a return above -100. We are also faced with a support area , highlighted by the green rectangle , from which the price often reversed the trend in the short. You can attempt a short-term long position with a likely return to the upper line of the channel. If you return, we will evaluate how the price will react to anticipate new developments. Pay maxium attention to the Non Farm Payrolls on Friday
Comment: Unfortunately NPF data lead a strong selloff on the dollar. It is right to reconsider the situation and attend newer clearer developments
Comment: We may have gone through the sales trend dictated by NFP data and we could finally see the reversal on this pair that we expect also for the prospects of what should happen with the Fed, but it is recommend to pay maximum attention

Comments

Is this 1H chart
Reply
miker01 ZukoMbele
@ZukoMbele, Is 1D chart
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out