Яндекс.Метрика USDCHF continues it's run lower – Technologies of the future for life!
Home / Forex Treiding / USDCHF continues it’s run lower

USDCHF continues it’s run lower

  • share

Earlier fall below 200 hour MA turned buyers into sellers

The USDCHF continues to run lower printing new fresh lows on the day at 1.0138.   THhe Rex target comes in at 1.0130 and then the 50% retracement of the move up from the April 12 low at 1.01157.

The pair turned more bearish today after first stalling the rally at the 100 hour MA (blue line) and next on the fall below its 200 hour MA. That 200 hour moving average has been tested a few times over the last 2 trading days. On the break, the dip buyers turned to willing sellers.  
The pair is below a lower trend line at 1.0156. That is close risk for shorts now. 

About SkyNET

Leave a Reply

Your email address will not be published. Required fields are marked *