Technical Analysis – USDCHF in bullish mode but outlook is bearish
Posted on June 15, 2015 at 1:06 pm GMTUSDCHF jumped by 1% today as it attempts to break out of a downwards slide that’s been in progress since May 27. RSI has risen to 50 and the stochastic oscillator is also indicating a bullish bias in the near term as the %K line is has crossed above the %D line. Medium-term outlook still looks bearish though as prices trade below the Ichimoku cloud with the bottom of the cloud providing resistance at 0.94. The Tenkan-sen line moving above [..]