CHF is historically bearish in April. Based on channel breakdown, breaking support, we can say that it will be bearish. Chaikin and RSI divergence were not present and they were bearish.
Current rally started from September 2019 and it has been around 30-31 months since then. It has had a previous rally of 34 months so for the next 2-3 months, we can expect it to be bullish.
Note that we have a resistance (monthly) at 134.608.
Resistance at 128.957 has been broken on weekly timeframe.
Current rally started from September 2019 and it has been around 30-31 months since then. It has had a previous rally of 34 months so for the next 2-3 months, we can expect it to be bullish.
Note that we have a resistance (monthly) at 134.608.
Resistance at 128.957 has been broken on weekly timeframe.