USDCHF Is Very Bullish! Buy!

21 Apr

Here is our detailed technical review for USDCHF.

Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is approaching a significant support area 0.807.

The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 0.824 level.

P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.

Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

Like and subscribe and comment my ideas if you enjoy them!

23 Apr

Dagangan ditutup: sasaran tercapai

That was an excellent trade and the target was reached too!