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Thread: Short term (Intraday) USDCHF

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    Default Short term (Intraday) USDCHF

    USDCHF
    Short term (Intraday)

    1,1979. USD CHF is in a range between 1,1920 and 1,1990. USD CHF moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. If the support is broken then the target will be 1,1800. We won't take a position. The risk/reward ratio is too high to take a position..

    Resistances

    1,1990 - 1,2000

    Supports

    1,1960 - 1,1920

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    Default

    it is going to 1.2000 if I wasent wrong

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