USD/CHF on a critical zone by ThinkingAntsOk

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4H CHART EXPLANATION:

This pair started a strong bullish movement after bouncing at the confluence zone between the support zone and the descending trendline. At this moment it is facing the other Confluence zone between the resistance zone and the top of the descending channel. Also, there is MACD Bearish Divergence indicating some weakness. We will wait to this point to resolve to take action on this pair.


MULTI TIMEFRAME ANALYSIS:


-Daily:

snapshot

-Weekly:

snapshot

Aviso legal

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