See also
The USD/CHF pair increased within an up channel. As you can see on the h1 chart, the rate dropped below the uptrend line signaling that the upwards movement ended. Its failure to reach and retest the channel's upside line announced exhausted buyers.
Now, it stands right above the former low of 0.9014 which represents a key downside obstacle.
Dropping and stabilizing below 0.9014 may announce a larger drop. This could be seen as a selling opportunity.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
The test of the 148.63 price level coincided with the moment when the MACD indicator had just begun moving downward from the zero line. This confirmed a valid entry point
The test of the 1.1607 price level coincided with the MACD indicator having already moved significantly below the zero mark, which limited the pair's downside potential. For this reason
Trade Analysis and Recommendations for the Japanese Yen The test of the 148.68 level occurred when the MACD indicator had already dropped significantly below the zero mark, which limited
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