analysis

USDCHF analysis for 08.11.2018

Switzerland Unemployment Rate and SNB Maechler Speech along with the US Fed Interest Rate Decision are the most influential factors for USDCHF.
The support rests at 1.00010 with resistance at 1.00400 which the weekly pivot point at 1.00340 is located in between the lines. The EMA of 10 is moving with bearish bias in the descendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in high ranges. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
Long positions are recommended towards 1.007.

usdchf
Source: fxglory