Gold and USD/CHF Are Turning Bearish [Video]
|Good morning everyone.
We see USD moving lower this morning, specifically against the EUR and CHF. We expect a technical reversal on USDCHF because of that overlapping recovery through the last few days that has a shape of an ending diagonal, so there is a chance that current weakness will resume to much lower levels once the trendline is broken.
USD/CHF, 1h
Check the video below for a more detailed look on GOLD and USDCHF.
If you like what we do, then you can subscribe to our webpage at EW-Forecast. Also we have a special TRIAL offer for Crypto services and for FX services.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.