Technical Analysis of Weekly Price Movement of USD/CHF Main Currency Pairs, Monday August 17 2023.
August 14, 2023 6:23 am
From what we can see on the weekly chart, USD/CHF main currency pairs is currently under quite strong selling pressure, which can be seen from the CCI indicator which is still moving below the -100 level and below WMA (20), even though currently USD/CHF is corrected up in order to gain momentum to continue its decline which is important as long as the upward correction does not exceed above the level 0.8917 then the opportunity to continue the decline for USD/CHF is still a big chance and is even predicted to reach up to the level 0.8551.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
From what we can see on the weekly chart, USD/CHF main currency pairs is currently under quite strong selling pressure, which can be seen from the CCI indicator which is still moving below the -100 level and below WMA (20), even though currently USD/CHF is corrected up in order to gain momentum to continue its decline which is important as long as the upward correction does not exceed above the level 0.8917 then the opportunity to continue the decline for USD/CHF is still a big chance and is even predicted to reach up to the level 0.8551.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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