USD/CHF is trading 0.04% lower in thin volumes on Friday. This could be the fourth consecutive daily lower close. USD/CHF daily chart The daily chart below shows a clear bearish trend in USD/CHF. The price is now stuck near the channel low but there is a potential breakout toward the wave low of 0.9376. This could accelerate the downtrend further but on the upside, the psychological 0.95 level could be a target if there is to be a retracement. On the bullish side, there has been many shadows (wicks) under the last few candles. A positive sign would be a break of the consolidation high of 0.9532. If the aforementioned level was to break then a test of the blue line just above 0.96 could be next up. The MACD is bringing up mixed signals. The signal lines are below the mid-point but the histogram is green. Normally the signal lines are a more reliable indicator of trend and when the histogram opposes them it could just be a retracement. With this in mind watch out for the histogram breaking below into the red again for a trend continuation. The Relative Strength Index has pulled back above the overbought area. There is now some more space for a move lower but conversely, if the 50 level cracks keep an eye on upside targets. Additional levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next GBP/USD crawls up to the upper range of 1.2400 to consolidate weekly gains FX Street 3 years USD/CHF is trading 0.04% lower in thin volumes on Friday. This could be the fourth consecutive daily lower close. USD/CHF daily chart The daily chart below shows a clear bearish trend in USD/CHF. The price is now stuck near the channel low but there is a potential breakout toward the wave low of 0.9376. This could accelerate the downtrend further but on the upside, the psychological 0.95 level could be a target if there is to be a retracement. On the bullish side, there has been many shadows (wicks) under the last few candles. A positive sign would be a break… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
