Technical analysis prediction for the 3rd of September 2018

Instrument ; usd chf

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative position; short position

price prediction ; 0.9700



weekly chart



Daily chart




usd chf mkt trend is strongly bullish bias, technical view on the weekly chart indicates strong rise in price movement in recent months and in long term view i expect the currency to retrace downward, Ema signal is uptrend, Rsi(58.97), Macd signal is uptrend, on the daily chart the currency pair remains bullish bias and in near term i expect consolidation then likely retracement downtrend toward 0.9700 level, Ema signal is uptrend, Rsi(53.8), Macd signal is uptrend and prediction for the 3rd of September 2018 is 0.9700
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