18.12.2018
USDCHF
The pair is in downtrend against the background of the weaker demand for risk assets and growing demand for protective assets. The global economic growth slowdown is a major source of investors’ concerns, as it may lead to a new recession already in 2020.
The price is below the middle Bollinger band, below SMA 5 and SMA 14.RSI is below the level of 50% and is reversing downwards. Stoch aren’t informative.
Trading recommendations:
If the price remains below 0.9920, it may go further down to 0.9860.
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