USDCHF analysis for 25.10.2017

Today Switzerland will publish UBS Consumption Indicator and Economic Sentiment Index and later the US will release Durable Goods Orders MoM and New Home Sales. The support rests at 0.98780 with resistance at 0.99180 which both lines are above the weekly pivot point at 0.98060. The EMA of 10 is moving with bullish bias along the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving horizontally in overbought area, the MACD indicator is in positive territory and the Stochastic is moving in high ranges. The ADX is showing buy signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing an upward trend. Long positions are recommended towards 1.0030. https://fxglory.com/usdchf-analysis-for-25-10-2017/