Technical Analysis – USDCHF gains bullish traction, but still below descending trendline
USDCHF rebounded forcefully after failing to cross under the October trough of 0.9839, with the price running as high as 0.9907 on Tuesday. On the four-hour chart, the upward-sloping RSI which is comfortably above its 50 neutral mark and the improving MACD endorse the positive momentum in the price. Should the bullish action stretch above […]
Technical Analysis – USDCHF gains bullish traction, but still below descending trendline
USDCHF rebounded forcefully after failing to cross under the October trough of 0.9839, with the price running as high as 0.9907 on Tuesday. On the four-hour chart, the upward-sloping RSI which is comfortably above its 50 neutral mark and the improving MACD endorse the positive momentum in the price. Should the bullish action stretch above […]
