Gold and USD/CHF Are Turning Bearish [Video]

Gregor Horvat Wavetraders

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.

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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