USDCHF on the monthly time frame so looking at the overall bias for this pair.
As you can see there is a bearish trend line that started in 2003 and price still seems to still be failing to break through, also ever since 2012 you can see price has failed to reach above 0.618 fib level.
March's candle broke both above the trend line and fib level but failed to break through and closed on a shooting star, which then April's candles closed on a marubozu candle, these two candles are very bearish candles.
Looking for a clean break of counter trend line this month.
First target will be around the level off 0.9050 for anyone who wants to know.
Correlation with possible reversal for eurusd, as the pairs have around 95% negative correlation.
As you can see there is a bearish trend line that started in 2003 and price still seems to still be failing to break through, also ever since 2012 you can see price has failed to reach above 0.618 fib level.
March's candle broke both above the trend line and fib level but failed to break through and closed on a shooting star, which then April's candles closed on a marubozu candle, these two candles are very bearish candles.
Looking for a clean break of counter trend line this month.
First target will be around the level off 0.9050 for anyone who wants to know.
Correlation with possible reversal for eurusd, as the pairs have around 95% negative correlation.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。