USDCHF cracks below the 100 bar MAs. Buyers turned to sellers today.

BY admin admin

The 100 hour and 100 day MAs were broken today, but work to do to take more control.
The USDCHF was trending higher and above a downside trend line supporting that trend coming into the trading day today (see hourly chart and the red numbered circles). 

Leave a Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Forex

Analysts forecast a significant euro rise by the year’s end. Inflation in China returned to positive dynamics

<p><strong>By <a href="https://justmarkets.com/?utm_source=investmacro&amp;utm_medium=article&amp;utm_campaign=analytics_market_overview" target="_blank" rel

Forex

GBP/USD rally breaks 1.3100 barrier amid soft US PPI data

GBP/USD rallies past the 1.3100 mark and is gaining close to 1% on Thursday, as overall US Dollar (USD) weakness extended amid speculations the Federa

Forex

Eurozone Q1 revised GDP -3.6% vs -3.8% q/q expected

Eurostat – June 09 These are the revised numbers so not a lot was being expected from the print. Q2 is going to be in key focus. These readings show a better then expected revision for q/q GDP,

Copyright © 2024 | WordPress Theme: Xews Lite