🔔🔔🔔USD/CHF news:
👉USD/CHF is in a sustained downtrend after breaking below key dynamic support levels such as the 100- and 200-day SMA. In addition, the pair has been making a series of consecutive lower highs and lower lows, suggesting that sellers may be taking control.
👉Disappointing US CPI data and previous weak news have added to the weakness of the US Dollar.
Personal opinion:
👉USD/CHF is likely to continue its bearish momentum in the near term.
👉However, DXY is recovering to the upside for the second consecutive day. RSI (1D) shows signs of increasing again after entering the oversold zone
👉Consider Sell at the retest zone of 0.8850 because this is a strong resistance area and safer
Analysis:
👉Based on the resistance - support levels and Pivot points combined with SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell USD/CHF 0.8855 – 0.8870
❌SL: 0.8900 | ✅TP: 0.8810 – 0.8765 – 0.8720
FM wishes you a successful trading day 💰💰💰
👉USD/CHF is in a sustained downtrend after breaking below key dynamic support levels such as the 100- and 200-day SMA. In addition, the pair has been making a series of consecutive lower highs and lower lows, suggesting that sellers may be taking control.
👉Disappointing US CPI data and previous weak news have added to the weakness of the US Dollar.
Personal opinion:
👉USD/CHF is likely to continue its bearish momentum in the near term.
👉However, DXY is recovering to the upside for the second consecutive day. RSI (1D) shows signs of increasing again after entering the oversold zone
👉Consider Sell at the retest zone of 0.8850 because this is a strong resistance area and safer
Analysis:
👉Based on the resistance - support levels and Pivot points combined with SMA to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Sell USD/CHF 0.8855 – 0.8870
❌SL: 0.8900 | ✅TP: 0.8810 – 0.8765 – 0.8720
FM wishes you a successful trading day 💰💰💰
Trade active
HIt + 25 pips from 0.8862congratulations
Trade closed: target reached
Hit + 50 pips fro 0.8862Congratulation
Note
HIt + 65 pips Great sell 0.8862
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✅ t.me/+Y9T5_BwC7_JhMWM1
Join now !!!!
Channel: signals - knowledge and FOREX comments
Join now !!!!
Channel: signals - knowledge and FOREX comments
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.