USDCHF ON THE UPPER PART OF THE BUBBLESigns of Bullish USDCHF (BUY)
-Prices have traverse to the upper part of the channel
-Wicks from above
-Breakout from the 1 hour triangle
-RSI at 4H maintained at 50 to 65
-Breaking the bubble
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USDCHF SELL SELL SELL, DON'T ASK WHYHI, TRADERS
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Volatile Markets In Recent Times ? PERFECT !Over the past few weeks, we have been observing huge volatile market with various currency pairs due to the spread of the virus. Times like this, volatility gives price to reach long term movement much faster, Looking at the USDCHF price as been trending downwards up until last week, an huge reversal occurred to the upside at the 0.918 support level. I expect price to continue with this trend and momentum towards 1.032 eitherways time would tell !
Risk Warning : The risk of loss in trading Foreign Exchange (FOREX) can be substantial.
You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
Continuation of the trend... USDCHF Short (on screen analysis)USDCHF is in a Down trend and made a Lower High last week. Price got rejected around 0.95500 and now we wait for the Counter trend to break. I suspect Price to make a Lower Low around 0.90700 which is an old Weekly Support and Resistance level from May 2015.
Trade with patience. I will keep you posted!