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Jan 06, 2025

USDCHF: Trend Reversal!

USDCHF, H4

USDCHFH4.png

USDCHF is in the correction after a rise, breaching below 0.9080 and the trendline.

The MACD histogram crosses the signal line down, and the 9-MA crosses the 14-MA, confirming a bearish sentiment.

  • Consider a short trade on USDCHF with the target at 0.9010.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Timur Yurdagyul

Author: Timur Yurdagyul

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