EUR/CHF chart - Trading View
Technical Analysis: Bias Bearish
GMMA Indicator
- Daily Charts: Major trend is neutral, minor trend is turning bearish
- Weekly Charts: Major and minor trends are neutral
Ichimoku Analysis
- Price action is below cloud and Tenkan Sen caps upside
- Chikou span is biased higher for the day
Oscillators
- Stochs and RSI are in neutral territory and do not show and overbought/sold pressures
- Stochs are showing a rollover from overbought levels and RSI is below the 50 mark
Bollinger Bands
- Bollinger bands show wide deviation and suggest high volatility
Summary: EUR/CHF trades with a bearish bias. Rejection at cloud top has raised scope for further downside. Scope for dip till 200-DMA at 1.0883. Bearish invalidation only above daily cloud.
