USD/CHF Currency Pair Analysis:
From a technical perspective, USD/CHF on the 4-hour time frame, after multiple BOS (Break of Structure) formations, has now created a CHOCH (Change of Character) and broken the last low of the uptrend to the downside. Currently, with the decline of the moving averages on the ALLIGATOR indicator, there is a possibility of a price decrease.
Overall, this scenario is strengthened by the condition that USD/CHF, unless a 4-hour candle close occurs above the Fair Value Gap (FVG) in the range of 0.9090-0.9067, could potentially decline towards the FVG in the range of 0.8949-0.8937.
From a technical perspective, USD/CHF on the 4-hour time frame, after multiple BOS (Break of Structure) formations, has now created a CHOCH (Change of Character) and broken the last low of the uptrend to the downside. Currently, with the decline of the moving averages on the ALLIGATOR indicator, there is a possibility of a price decrease.
Overall, this scenario is strengthened by the condition that USD/CHF, unless a 4-hour candle close occurs above the Fair Value Gap (FVG) in the range of 0.9090-0.9067, could potentially decline towards the FVG in the range of 0.8949-0.8937.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.