USD/CHF Bullish Bounce if The Price Closes Above the POC zone

Nenad Kerkez

Dear Traders,

The USD/CHF has been straddling along the ascending trend line in low volatility conditions as the majority of FX markets are.–>

Low volatility and lack of momentum in the FX market pose a real hurdle to intraday traders. Compared to major indices such as Nikkei and DOW, Forex market looks like a snail. The USD/CHF shows a potential bounce, but for that, we need volatility. 0.9920-30 is the POC zone, and the target is 0.9970-85. If the price closes above W H4 0.9967 then tomorrow we might see 1.0011.

The analysis has been done with the CAMMACD.MTF template.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Don't miss a thing!

Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Top Promotions

Top Brokers