Thursday, September 4, 2014

The USD/CHF closes in on its 200 Week EMA

The US Dollar has strengthen so much that the USD/CHF is very close to touching its 200 period Exponential Moving Average on the Weekly chart, which is the blue line around the 0.9394 level. We can clearly see on the chart that on the last occasions that the price has visited this EMA, it bounces to the downside. Therefore, another visit to that EMA could have the price stop its rally there and possibly give us a correction.


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7 comments:

  1. AnonymousSep 5, 2014, 5:00:00 AM

    Thank you for the analysis i'll keep an eye on a possible break above the 200 day EMA.

    ReplyDelete
  2. UnknownSep 5, 2014, 7:18:00 AM

    Thank you for the helpful analysis, I too will watch for a possible break above the resistance.

    ReplyDelete
  3. AnonymousSep 5, 2014, 5:53:00 PM

    Good tip, I'll register!
    It´s a good trading point!

    ReplyDelete
  4. UnknownSep 7, 2014, 8:33:00 AM

    ill keep an eye on the price. thanks

    ReplyDelete
  5. UnknownSep 7, 2014, 9:45:00 AM

    Nice post thanks for the information!

    ReplyDelete
  6. UnknownSep 7, 2014, 6:33:00 PM

    The dollar is strong against a lot of currencies.

    ReplyDelete
  7. UnknownSep 7, 2014, 7:21:00 PM

    Let's see.

    ReplyDelete

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