USDCHF analysis for 22.08.2017

Switzerland has published Balance of Trade and the US is releasing House Price Index MoM. The support rests at 0.96140 with resistance at 0.96570 which both lines are below the weekly pivot point at 0.96660. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 200 and below the EMA of 100. The RSI is rising towards the 50 level, the MACD indicator is in negative territory and the Stochastic is showing upward momentum. The ADX is showing weak buy signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen is showing an upward trend while the Kijun-sen is showing a horizontal trend. Long positions are recommended towards 0.968. https://fxglory.com/usdchf-analysis-for-22-08-2017/