Technical analysis 11.10.18

USDCHF

The pair is trading above 0.9850 while remaining under pressure as the investors’ risk appetite is decreasing due to the growing concern over the world economy’s not only slowing growth, but even a possible decline.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is indicating weaker fall. Stoch also confirm that price’s decline is likely to stall.

Trading recommendations:

The pair may correct up to 0.9900. Sell it from this level or after the price passes 0.9850 with a target of 0.9780.