USD Index and USDCHF – Positive Correlation Between the Two Indicates A Bear Run 

intraday usdchf

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There is a chance for limited upside on USD Index, ideally around 78,6% Fibo. Retracement. At the same time, USDCHF can be finishing an ending diagonal towards 0.9840 – 0.9860 resistance area, which can mean weaker levels on USD index, and on USDCHF as they are in positive correlation.

First evidence for a bearish turn on both charts, would be a drop in impulsive fashion,

USD Index, 1h

intraday usdx


intraday usdchf


Disclosure: Please be informed that information we provide is NOT trading recommendation or investment advice. All of our work is for educational purposes only.


By Gregor Horvat

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