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USD/CHF Weekly Forecast ( February 27-March 3)

Daily chart analysis
The confirmation of a downtrend for the USD/CHF currency pair is below EMA50 ( 1.0030). A possible target for this pair might be at 0.9780 (Fibo 38%), in the medium long term. The stochastic oscillator indicates already a downtrend. The MACD is near a downtrend confirmation.

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8 hour chart analysis
The MACD is already negative, according to the 8 hour chart. A downtrend confirmation is below the 61% Fibo (1.0030). A possible near term target is at 0.9940 (Fibo 50%).

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