Weekly Review - Week 43
This week, the market showed a sideways movement.
USD/CHF reached a high of 0.86854 and a low of 0.86354, but it constantly moved within the range between 0.86600 and 0.86572, breaking through both upwards and downwards multiple times. Such flat movements can last for up to two weeks and are extremely unfavorable for day trading. Constant buying and selling during these phases usually lead to little success.
I will wait for the market to open on Sunday evening to provide an update on the analysis.
Wishing everyone a great weekend!