USDCHF
-The market has reached a crucial resistance level which has previously been rejected and push the market lower.
-Currently the market has reached this zone and has nicely rejected for a second time by printing long upper wicks, which shows that be bears are getting stronger against the bulls
-Scaling down to the 1hr timeframe, the market is below the 50 exponential moving average which indicates an early reversal trend.
-approaching to the Nonfarm Payrolls and the unemployment rate news announcements which tend to be worse than expected will definitely see a weakened in the dollars currency.
-Currently the market has reached this zone and has nicely rejected for a second time by printing long upper wicks, which shows that be bears are getting stronger against the bulls
-Scaling down to the 1hr timeframe, the market is below the 50 exponential moving average which indicates an early reversal trend.
-approaching to the Nonfarm Payrolls and the unemployment rate news announcements which tend to be worse than expected will definitely see a weakened in the dollars currency.
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