(0,9432) The USD/CHF confirmed a strong weekly closing on Friday and also the daily one was positive, even above the 200 days line at 0,9428!! Possible further upside potential suggesting a 0,9500 overshooting; a daily closing above the 200 days line will support the extension. The indicators of the daily chart are still well positive but showing potential negative reversals after having formed clear bullish divergences on the way down. We have to expect the upside to be limited!! Those of the weekly one are also positive. The indicators of the s/t charts are mixed but showing overbought conditions. This could lead to a correction. We follow the indication suggested by the daily chart and sold our m/t position for now at 0,9430; we avoid however going short because the weekly chart is still positive.
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Future Trend Research