USDCHF analysis for 04.07.2017

There are no economic reports in the US due to the holiday. The support rests at 0.96150 with resistance at 0.96410 which the weekly pivot point at 0.96250 is located in between the lines. The EMA of 10 is moving with bullish bias but it is located below the EMA of 200 and the EMA of 100. The RSI is moving horizontally on the 50 level, the MACD indicator is in neutral territory and the Stochastic is showing downward momentum. The ADX is showing buy signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. Long positions are recommended targeting 0.97. https://fxglory.com/usdchf-analysis-for-04-07-2017/