Forex News from New Forex: Technical analysis of USD/CHF

Forex News from New Forex: Technical analysis of USD/CHF

Posted on February 17, 2017, 07:55 AM

On Friday, the trades on this currency pair proceed with a moderate bearish spirit of the market participants and redistribution of the initiative from buyers to sellers. The moving averages with the period of 20 and 55 days evolved and prepared for decrease. The four-hour chart fell below the moving averages. It indicates the bearish potential of the market. The MACD histogram is located below the central line. It decreases steadily indicating a sale signal to the greenback against the Swiss national currency. The Stochastic oscillator is in an oversold zone and continues to decrease giving a similar signal as the %К line is lower than the %D line.

NewForex Analyst

Aaron Kaufmann

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