As we can see it has fallen below the 50 Exponential Moving Average and it is currently still above the 200 EMA.
My thoughts as follows: The price may push itself to the major resistance level marked in grey before pulling back to the downside. Until then, I will not be executing any trades as it is still unclear. What are your thoughts on the Swiss-Yen Hourly? Comment your opinion and analysis and I will have a look!
For more analysis like such, follow malcolmlai on tradingview.com for daily updates
My thoughts as follows: The price may push itself to the major resistance level marked in grey before pulling back to the downside. Until then, I will not be executing any trades as it is still unclear. What are your thoughts on the Swiss-Yen Hourly? Comment your opinion and analysis and I will have a look!
For more analysis like such, follow malcolmlai on tradingview.com for daily updates