Chart of the Day USDCHF

USDCHF is reaching the falling trendline

 

USDCHF is testing the falling trendline 0.9970 level. A bounce will lead to a downside reversal to 0.9600 level. We need to see a break above 1.000 again to see an upside extension.  A confirmed break below Yearly Pivot Point 0.9940 will accelerate the downside.

ARMAT trading system is pointing lower

Note: look for the short trade entries with the stop loss above 1.0000 level. 

 

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