On the entra day chart the pair is down trend as it makes higher highs followed by higher lows , Moving average of Bollinger Bands and the bounce of RSI from level 50 confirms the down trend .
We are going Short to the nest Support at 0.9845 , the break of 0.9875 resistance will cancel that Scenario.
the pair broke the up trend line and it made a retest on the broken trend line and the Momentum indicator broke the formed up trend line which supports the Bearish Idea , we are waiting till the price breaks the support at 1.0915 to go short with the shown target.
USD/CHF: The Pair is moving inside triangle and we are waiting for the break of one of it’s sides , incase ut breaks the upper side it will go up and incase it breaks the downside it will go down , and the targets in both cases are shown on the diagram.
The Pair was Moving on down trend then it entered an Accumulation phase came as side way between 1.2860 and 1.3510 supported by Positive divergence on RSI and crossing Level 50 in RSI supports The Pair to go up till 1.3510, But as the reflection from level 1.3510 is still possible so It’s preferred to buy after crossing 1.3510 level with 1.4000 as target.
The rising trend line was broken and the price made a retest and a bearish confirmation of MACD crossing the 0 level and now i think its going down to the target , good one with tight stop loss over the broken trend line.
