USDCHF Oscillators Begging You to Buy
Although we are seeing a long-term rising wedge form, the fruition of a downturn at the end of the wedge is still some months into the future. In all liklihood, we still see a bit of an upward movement given how overcrowded the short trade is according to the bull bear oscillator. A trading week is five days which is why I used 5 day RSI to highlight how poorly this week was for the pair which is now flashing an oversold signal. Momentum oscillator also signals to buy. Overall, this may be short in the longer-term, but I now suspect we still see some upward movement first.
If you like my analysis and are hungry for more charts, you can also check out some of my work at anthonylaurence.wordpress.com
If you like my analysis and are hungry for more charts, you can also check out some of my work at anthonylaurence.wordpress.com
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