years on the market

USDCHF analysis 16.10.2020


The overall trend is downward. The ascending H2 level pattern is truncated. The currency pair is trading in the range of 365 and 135 moving averages. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator signals an overbought condition.

USDCHF rate online: monitor the price movement.

Trading recommendations:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated H2 level pattern.

Stop Loss: below the local maximum (0.9165).

Target levels: 0.9090; 0.9056.

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