T Analysis

USDCHF analysis for 07.10.2019

Foreign Currency Reserves data has been published in Switzerland and there will be Federal Reserve Chairman Jerome Powell talk.

The support rests at 0.99310 with resistance at 0.99820 which the weekly pivot point at 0.99620 is located in between the lines. The EMA of 10 is moving with bearish bias in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
While considering pullbacks on the way USDJPY will be targeting 1.0000.

usdchf
Source: fxglory