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

Nenad Kerkez
Updated

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

This article was originally posted on FX Empire

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