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USDCHF moves into swing area and away from 100/200 hour MA

The USDCHF is trading to a new session high and in the process has moved into a swing area (see red numbered circles). That area comes in between 0.9311 to 0.9325. On Monday, the price moved above that area reaching highs at 0.9346 and later at 0.9340. Both of those moves took the price above the 200 hour MA (green line) and should have led to more buying. It did not do that. So the price moved lower into the close on Monday, on Tuesday. There was new lows yesterday and again today, but the... Read More

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Content Topics

Usdchf

Moves

Into

Swing

Area

Away

From

100

200 Hour

100 200

Forex

Posted: Dec 22 2022, 18:17

Author Name: forexlive

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