Forecast by Marius Ghisea – USD/CHF (July 25-29)

The USD/CHF currency pair may fall in the medium long term, according to the daily chart. The first confirmation of a downtrend is when the price closes below the trendline at 0.9830. A clear confirmation of a downtrend is when the price reaches the 50 EMA at 0.9774. The MACD also indicates the downtrend for this pair in the medium long term.

USDCHFdaily-page-001

The MACD on the 8 hour chart indicates the downtrend in the next period. If the price hits the 200 EMA at 0.9771, there will be a confirmation of a downtrend.

USDCHF8h-page-001

 

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