FX.co ★ Daily analysis of USD/CHF for May 22, 2018

USD/CHF

A short-term bearish signal has been generated on the USD/CHF pair. The recent 2-week consolidation has threatened the last bullish bias, and the price has started going downwards, thus sendaing a "sell" signal. The price is expected to go further and further southwards, reaching the demand levels at 0.9950 and 0.9900.

There is a Bearish Confirmation Pattern on the 4-hour chart, and that has sent a short-term bearish signal. Further bearish movement can eventually invalidate the long-term bullishness in the market.