Technical Analysis – USDCHF tests the bearish grasp in short-term picture
Posted on February 13, 2020 at 9:12 am GMTUSDCHF’s bounce from the 0.9628 low has stalled around the 0.9769 level, which is the 38.2% Fibonacci retracement of the down leg from 1.0022 to 0.9612. However, as positive momentum appears to be improving with the bullish stance displayed in the red Tenkan-sen line, an advance into the Ichimoku cloud may unfold. The MACD continues to increase above its red trigger line and the zero mark, while the RSI hovers above the 50 level. That said, traders need to be [..]