• Oct 3, 2024
  • Trade ideas

USDCHF: Short-term Decline

USDCHF, H2

USDCHFH2.png

On the H2, USDCHF has been moving in a range for a long time. The price reached the upper boundary and crossed the upper Bollinger line. DeMarker and %R show extreme overbought.

  • USDCHF sell can be considered with a target of 0.8430 to the lower boundary.
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Author: Egor Schmidt