EUFCHF 1 HOUR TIME FRAME ANALYSIS (BUY)
On the H1 time frame we can clearly see the pair abandon it's former uptrend channel and move to a sideways channel while still respecting the
support level, this is due to large amount of buyers waiting at that level to push price up. Also the RSI formed bullish regular divergence which signifies the end of the downtrend and the form of a new up trend.
support level, this is due to large amount of buyers waiting at that level to push price up. Also the RSI formed bullish regular divergence which signifies the end of the downtrend and the form of a new up trend.
Disclaimer
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.
Disclaimer
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.