USD/CHF rose sharply for 20 days – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in USD/CHF there is a chance that we will witness a correction, no matter how brief.
Related Posts
After experiencing a 1.94% bearish move in the space of 9 days, nobody knows where AUDNZD is headed.
Those of you that are trend followers are probably eagerly watching AUDNZD to see if its latest 1.94%…
EURCHF keeps moving closer towards 0.9396. Will it finally breach this level?
EURCHF is en route to a very important line that will be a definite deciding factor of what…
After testing the support line numerous times, GBPUSD is once again approaching this line. Can we expect a bearish trend to follow?
GBPUSD is heading towards the support line of a Falling Wedge and could reach this point within the…