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FxWirePro- Woodies Pivot(Major) 
USDCHF forms shooting stars at 0.9491 and 0.9461 levels that restrain rallies below 21SMAs, the current price dips below SMAs (refer 4H chart).
Both leading & lagging indicators are in tandem with bearish swings, for now, more dips seem to be likely if it breaches channel support.
The current prices of USDCHF have tumbled down below rising wedge baseline on monthly plotting to hamper the previous bullish sentiments.
While the long-lasting non-directional phase in the major trend has also turned out to be bullish after failure swings at stiff resistance at 1.0007 levels, the bulls are struggling for the healthy momentum.
After breaching below wedge baseline, the momentum & trend indicators on monthly terms are also in tandem with the bearish price movements.
Trend study: Both lagging indicators (EMAs and MACD) show bearish crossovers that signal downswings to prolong further in the medium run.
Contemplating lingering buying sentiments in near-term and bearish sentiments in the major trends, boundary binaries are recommended on trading grounds using upper strikes at 0.9485 and lower strikes at 0.9430 levels, on the contrary, it is advisable to deploy short futures of mid-month tenors on hedging perspective, with a view to arresting potential downside risks.
Currency Strength Index: FxWirePro's hourly USD spot index has shown -99 (which is bearish), while hourly CHF spot index was at -8 (neutral) while articulating at 12:49 GMT. For more details on the index, please refer below weblink:
http://www.fxwirepro.com/fxwire/currencyindex
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