1,0261. USD CHF is in an downtrend directed by 1H exponential moving averages. USD CHF is in a consolidation after the last bearish movement. The volatility is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD CHF. The price should find a resistance below 1,0290. The downtrend should continue to gather momentum.
=> We could take a short position at 1,0280. We will put the stop loss above 1,0330 (-50 pips). The targets are 1,0200 (+80 pips) 1,0150 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
1,0265 - 1,0310
1,0215 - 1,0200