Weekly Analysis of Trade Set ups & Ideas USDCHF

USDCHF (19th November to 23rd November)

We analyzed this pair last week, and we are still on a ranging market. There has been a strong bullish rally but the US dollar might be losing its strength on this strong resistance zone which has held grounds for the last three years!!

Summary: The bears are taking control of this pair based on last week reversal candlestick. Therefore, we will be closely monitoring this pair for trend reversal price action patterns/signals to confirm our bias to go short on the pair.