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.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
