At the moment technical indicators (Stochastic and RSI) shows that USDCHF is over sold, we can also see that the price is approaching a low high level which is a good place to execute a buy. Our idea is also supported by the DXY analysis as it is gaining strength, remember the relationship between USDCHF and DXY is directly proportional.
Note
We still bullish with this trade
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.