Usdchftrade
USDCHF approaching resistance, look out for potential reversal!
USDCHF is approaching its resistance at 0.99988 where it is could reverse down to its support at 0.99350.
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USDCHF UPDATE FOR TODAYANALYSIS ON USDCHF
Welcome to my analysis
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1HR CHart
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Interesting Point of interest In the USDCHF pair.
- Price above 100/200 day EMA.
- look for sell signals.
- Expecting some more downward movement.
- Watch 0.99345 for TP1 and 0.99020 TP2 for Take Profit (TP).
- MACD showing bearish divergence
#USDCHF, Will the increases continue?Great time to sell as long as resistance at 0.9985 hasn't broken.
According to the Stochastic we have reached a very high level, so it is unlikely to be broken.
We have a beginning of a red Ichimoku cloud that starts what can announce the beginning of a downtrend.
Target: 0.9870