USDCHF June 14th

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Very neutral at this moment. We saw USDCHF is stuck between the previous support and the negative slope resistance. Yet, I am slightly bullish about this as the DXY has been placed very very low, and the index has climbed crazy (I believe you saw the news about Tesla going up 13 days in a row) which really made me think about the Dot Com bubble. I am cautious on stocks at this moment, and I do think Dollar index would be favorable.

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ملاحظة

Wow, I just realized I didn't look at the earlier uptrend as I deleted it by accident. You can check my previous post and seems like the pop was rejected by previous support. Thus, we will see how does FOMC affect the trend, as we are at the beginning of a small downtrend, but there is still a big possibility of a continuous uptrend.

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ملاحظة

Buying the dip, buying the dip