USD/CHF - strong buy on 4H after down trend rally
market price reached first strong support and buy area after strong down trend rally. Reason for down trend was volatility in stock market prices, up coming duty rate trade war between China and the US and as well the idea of the FED in the case of a trade war to lower the interest rates.
-MACD baselines are near bullish crossing which brings buyers into the market
-RSI is heavy over selled and retraced already from support line
-market price reached down side of bollinger bands which implements near ending of correction
-market price reached last strong price volume support before dumping under 0.99
-MACD baselines are near bullish crossing which brings buyers into the market
-RSI is heavy over selled and retraced already from support line
-market price reached down side of bollinger bands which implements near ending of correction
-market price reached last strong price volume support before dumping under 0.99
Trade closed: stop reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
