USDCHF Will Grow! Long!

11 мая 2023 г.

Please, check our technical outlook for USDCHF.

Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is on a crucial zone of demand 0.893.

Taking into consideration the structure & trend analysis, I believe that the market will reach 0.901 level soon.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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