There is an evening star chart pattern above the USD/CHF D1 chart trending from bullish to bearish. Today’s opening gap between the US dollar and the New Zealand dollar indicates that the bear trend is very strong. In addition, the RVI indicator formed a death cross and quickly moved towards the 0-axis position. The SAR indicator is also above the price and at a very large distance from the price, there is room for further downside.
The SAR indicator on the H1 chart appears above the price. The 200MA is also below the price indicating that the trend has a lot of room to fall.
All transactions involve risks, the above analysis is for reference only. When placing an order, be sure to set the lot size and remember to set the stop loss.
