• Jan 24, 2025
  • Trade ideas

USDCHF: Another fall?

USDCHF, Weekly

USDCHFWeekly.png

In the Weekly timeframe, USDCHF formed a triple-top pattern. The price bounced again from the critical resistance and MA200. The CCI and %R are out of the overbought zone, also confirming the possibility of a fall.

  • We can consider selling USDCHF only in case of consolidation below 0.9020 with the target to 0.8890 and further to 0.8750;
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Author: Egor Schmidt