Post #760

USD/CHF TECHNICAL ANALYSIS FOR DECEMBER 23 2022 The USD/CHF rallied yesterday during U.S session and rose as high as 0.9321 at the end of yesterdays trading session. Today we are predicting a SELL Signal after the open of London session saw price rise as high as 0.9326 and tried to break yesterdays Resistance at 0.9321. Unfortunately the market met whales who denied the break of yesterdays high and then a Candlestick formation of a Shooting star or Pin bar was formed at the close of the hour. Furthermore, the Stochastic oscillator shows the market is overbought at the moment. Due to this current sceanrio the market presented, we are expecting a decent 50% retracement of yesterdays rally before a bullish continuation could emerge.