USDCHF analysis for 01.08.2019
Swiss franc is losing momentum against USD.
The support rests at 0.99160 with resistance at 0.99910 which both lines are above the weekly pivot point at 0.98950. The EMA of 10 is moving with bullish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving above 50 level, the MACD line is above the signal line in the positive territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. The price is above the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Short positions are recommended towards 0.99150.