USDCHF: Trend Reversal

USDCHF, H4

USDCHF is in the correction after a rise, breaching below 0.9080 and the trendline.

  • The MACD histogram crosses the signal line down, and the 9-MA crosses the 14-MA, confirming a bearish sentiment.
  • Consider a short trade on USDCHF with the target at 0.9010.

 

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