#USDCHF - At this point, USDCHF is going down a bit. But with US PMI DATA and LABOR DATA being POSITIVE, USDCHF was BUY until last Friday. And FED UPDATES were very NEGATIVE. Hence, the CHF automatically rose against the USD in the previous days. Anyway, SWISS NATIONAL BANK has come out of NEGATIVE RATES. Anyway, RETAIL SALES POSITIVE came in US. -...
this is a swing setup looking to go short on the current supply zone
The market formed Bearish Engulf candle strongly to make more falling pressure.
Hey buddies, this is USDCHF 1H analysis.
Yes! What you saw is correct...!!! USDCHF - Price was retraced from 0.236 fibo level and reached 0.382 fibo level. Almost it hits the 0.382 fibo level but as a trend line it was hit the trend line its time to reversal to upwards. bottom bollinger band is toward to the candle also shows us a bullish movement. When RSI hit the 47 horizontal line (blue line) you can...