USDCHF Is Going Down! Sell!

Here is our detailed technical review for USDCHF.

Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is trading around a solid horizontal structure 0.863.

The above observations make me that the market will inevitably achieve 0.856 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.

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

עסקה סגורה: היעד הושג:

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