Sunday, December 22, 2024

USDCHF has broken ascending channel and consolidating at the bottom area which leads to -725 points
1 mins well spent

USDCHF Analysis

USDCHF broken the ascending channel bottom in the 4-hour timeframe chart

S1

After the confirmation of the Downward movement, the USDCHF Sell signal was given.

USDCHF Update

USDCHF is is consolidating at broken the ascending channel bottom, which leads to the SL price. However, USDCHF still have chances to Fall from the broken the ascending channel bottom

Reason : Due to the release of more Economic news mentioned below, the market is not making technical movement for now.

U.S. Existing Home Sales
U.S. Crude Oil Inventories
U.S. Federal Open Market Committee (FOMC) Meeting Minutes

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