๐กThe chart shows technical analysis of the USDCHF currency pair On the daily time frame D1. Rising channel:โฌ๏ธ The price was moving within an ascending channel โจChannel break: The price broke the bottom line of the channel, which may indicate a trend change to down.
If the price continues below the channel, it may head to one of the identified support areas. If the price returns inside the channel, it may retest the resistance. The MACD is showing weakness in the upward momentum, which supports the bearish idea.โฌ๏ธ
โ๏ธIt is not investment advice for educational purposes only.
If the price continues below the channel, it may head to one of the identified support areas. If the price returns inside the channel, it may retest the resistance. The MACD is showing weakness in the upward momentum, which supports the bearish idea.โฌ๏ธ
โ๏ธIt is not investment advice for educational purposes only.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.