Published on FXDD (http://forex.fxdd.com)
Forex Trading: USDCHF watching the 100 Day Moving Average at the 1.0258
By Greg Michalowski
Created Jul 18 2008 - 7:42am

The USDCHF is near the 100 day moving average at 1.0258.  Since May 15th the USDCHF has been above the 100 day moving average for 9 days.  The most consecutive days above the level was 3 days.  Once it stayed above for two days.  The other 4 days the market stayed above for a single day. 

The market will be watching the level as we move into the weekend.  Since the pair is still below the level, the medium term trend is bearish.  A break above would change that for the medium term. 


Source URL: http://forex.fxdd.com/trading-news/5375/forex-trading%3A-usdchf-watching-100-day-moving-average-1.0258