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USD/CHF powerful rally threated

From an hourly perspective, the USD/CHF has reached its highest momentum reading of the last 20 days of trading.

Recent USD/CHF longs are speculative and likely vulnerable. Unless they are fed with comforting releases, a torrent of selling could very well ensue in the form of profit taking and/or forced liquidation.

With the fresh printed hourly MACD showing less acceleration, the prospect for a base building or correction in the near future looks to be quite realistic.

United States CB Leading Indicator (MoM) below forecasts (0%) in September: Actual (-0.2%)

United States CB Leading Indicator (MoM) below forecasts (0%) in September: Actual (-0.2%)
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EUR/USD stages crushing decline

EUR/USD stages crushing decline
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