USDCHF may be starting a bullish reversal on the weekly chart. RSI shows bullish divergence (price made a lower low, but RSI made a higher low).
Stochastic RSI also supports the move up.
Next major resistance is near 0.8600 area
Wait for a retest in the next coming days before entering any long positions for better confirmation .
do not jump into long position right now !!! (It is a weekly chart) ,be patient ,the price may go down before reversing to the upside .
Stochastic RSI also supports the move up.
Next major resistance is near 0.8600 area
Wait for a retest in the next coming days before entering any long positions for better confirmation .
do not jump into long position right now !!! (It is a weekly chart) ,be patient ,the price may go down before reversing to the upside .
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.
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.