USDCHF Forecast and Technical Overview
Better than expected PMIs and Job Report from the US accelerated the USD recovery.
Cycle Sniper H4: Although CS smaller period is about the send a retracement signal, no clear sign on bigger periods and deviation.
Price Action Sniper H4: No retracement signal.
Demark’s Indicator H4: No reversal signal yet.
Moving Averages and Murrey Math Lines: ( H4 Time Frame )
Price closed above EMA50 and SMA100. The pair tested SMA200 and MM 4/8 at 0.91500 but rejected.
Intraday support is 0.90900 ( MM 2/8 H4 ).
It is likely to test 0.92160 MM 6/8 if it holds above 0.90900.
As seen on the harmonic screen, a bearish butterfly pattern is being printed and this pattern can be used as a selling opportunity.
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