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

 

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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