USDCHF Analysis: Selling off from 0.9850?Last Thursday’s signals were not triggered, as none of the key levels were reached during that day’s trading session.
USDCHF Analysis: Bullish consolidation above 0.9841Yesterday’s signals produced a long trade from the bullish rejection of 0.9841. The trade is now slightly above break-even but looks a little doubtful so it might be wise to exit now.
The US dollar has been relatively negative against the Swiss franc lately, as we spent most of the month falling from the rising wedge that had been formed previously. This is a market that of course represents safety and the strength or weakness of the US dollar. I find it very interesting that we have seen so much negativity as of late.