Friday, January 26, 2018

USDCHF analysis for 26.01.2018

Switzerland has published World Economic Forum Annual Meeting and the US will release GDP Growth Rate QoQ Adv and Durable Goods Orders MoM. The support rests at 0.93100 with resistance at 0.94210 which both lines are below the weekly pivot point at 0.96180. The EMA of 10 is moving with bearish bias in the descendant channel and it is located below the EMA of 200 and the EMA of 100. The RSI is moving in oversold area, the MACD line is below the signal line in the 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 is showing a downward trend and the Kijun-sen is showing a horizontal trend. The price is falling down towards 0.924.

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