Friday, September 8, 2017

USDCHF analysis for 08.09.2017

Switzerland is publishing Unemployment Rate and the US will release Fed Harker Speech. The support rests at 0.94300 with resistance at 0.94840 which both lines are below the weekly pivot point at 0.95830. The EMA of 10 is moving with bearish bias along the descendant channel but it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD indicator is in negative territory and the Stochastic is showing downward momentum. The ADX is showing sell signals. The price is below the Ichimoku Cloud and the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a downward trend. Short positions are recommended towards 0.9370. https://fxglory.com/usdchf-analysis-for-08-09-2017/

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