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

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

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.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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