USD CHF
Based on the analysis, the USD/CHF has formed a double top pattern, indicating that that it is likely to reverse its trend. Additionally, there is a divergence pattern visible on the Relative Strength Index (RSI), which further confirms the potential for a reversal.
The neck line break will further confirm the potential new downward trend, at which point we can consider shorting the pair.
The analysis suggests that the market is likely to experience lower lows in the coming period, and we can consider shorting the pair upon the break of neck line.
The neck line break will further confirm the potential new downward trend, at which point we can consider shorting the pair.
The analysis suggests that the market is likely to experience lower lows in the coming period, and we can consider shorting the pair upon the break of neck line.
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.