SHORT, CORRELATION TO EUR/USD POTENTIONAL BUY

Singkat

Dolar A.S. / Franc Swiss (FX:USDCHF)

FX:USDCHF Dolar A.S. / Franc Swiss

Please check my other post as that adds confluence for this! - EUR/USD

This trade is purely technical analysis and not taking fundamentals into considering just simply showing some TA.
As USD/CHF has correlation to EUR/USD, EUR/USD is currently at the time (where using purely TA) it is coming to a reversal area, (reversing to potentially bullish) at first thought you'd then expect a turn on this pair to bearish, on the monthly chart it is coming to an area where has been used as support/resistance before, also fibonacci retracement level of 61.8% is within the area of potential resistance, The stoch is also showing this pair as very over-brought, also on EUR/USD monthly it is very over sold.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.