By: Doug Rosen
On the USD/CHF daily chart for the Swissy price is currently being crunched between the 5 and 21 ema's with the 233 and a trend line just above.
The upper Bollinger band is closing and pointing down. There is a few layers of resistance above daily price.
On the 4 hour monthly pivot chart price has touched and been rejected by the central pivot point at 0.8881 and currently price is just below the 144 ema. Also note that the upper Bollinger band is pointing down and the stochastic is pointing down.
Moving on to the hourly weekly pivot chart price has just bounced off last week's high at 0.8877 and the 5 ema is pointing down as is the stochastics and prepping to cross the 13 ema. The 233 ema is just above the R1 at 0.8809 and the 144 ema is just below so I would expect a reaction when price makes contact with that level.
Finally, on the 15 minute daily pivot chart the 5 ema has crossed below the 13 and 21 and is just above price pushing it down with the lower Bollinger band open and pointing down as well, however, we are coming into contact with the central pivot point overlapped with the 144 ema.
Price is looking bullish to me, I just want to see if it breaks the M3 at 0.8869 and if it does, I will expect a bullish day for this pair.