{"id":1746,"date":"2021-08-18T11:10:51","date_gmt":"2021-08-18T14:10:51","guid":{"rendered":"https:\/\/wintrademarkets.com\/news\/?p=1746"},"modified":"2021-08-18T11:10:54","modified_gmt":"2021-08-18T14:10:54","slug":"usdchf-ping-pongs-between-moving-average-levels","status":"publish","type":"post","link":"https:\/\/wintrademarkets.com\/new\/2021\/08\/18\/usdchf-ping-pongs-between-moving-average-levels\/","title":{"rendered":"USDCHF ping pongs between moving average levels"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">100 day MA below and 100 hour MA above<\/h2>\n\n\n\n<p>The USDCHF fell into the\u00a0European morning session, and the\u00a0move lower fell below a swing area between 0.91286 and 0.91326. The\u00a050% midpoint of the range for August was also near that area at\u00a00.91296.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/az705044.vo.msecnd.net\/20210818\/2021-08-18_6-39-57.jpg\" alt=\"100 day MA below and 100 hour MA above\"\/><\/figure>\n\n\n\n<p>However,\u00a0just below\u00a0those levels sat the 100 day moving average at 0.91255, and\u00a0traders leaned against the\u00a0lowest target and\u00a0pushed the price back higher.<\/p>\n\n\n\n<p><br>That\u00a0move to the upside saw the price extend to new session highs for the day (above the Asian session high of 0.9152), but\u00a0stalled near its 100 hour moving average at 0.91629 (the upper blue line in the chart above). The\u00a0price has stalled against that level as traders leaned with risk defined and limited.\u00a0<\/p>\n\n\n\n<p><br>It will\u00a0take a move above the moving average level to increase the bullish bias with the 200 hour moving average at 0.9177, the\u00a0next upside target on a break higher.\u00a0<\/p>\n\n\n\n<p><br>Hold the resistance now, and the ping-pong\u00a0between the moving averages is still in play.\u00a0 The\u00a0Asian high came in at 0.9152.\u00a0\u00a0A move back below that level would give the sellers\u00a0against the moving average some comfort and\u00a0breathing room.\u00a0\u00a0Stay below and a rotation back to the lower support cannot be ruled out.\u00a0\u00a0<\/p>\n\n\n\n<p><em>Source:<a href=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/usdchf-ping-pongs-between-moving-average-levels-20210818\" data-type=\"URL\" data-id=\"https:\/\/www.forexlive.com\/technical-analysis\/!\/usdchf-ping-pongs-between-moving-average-levels-20210818\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/www.forexlive.com\/technical-analysis\/!\/usdchf-ping-pongs-between-moving-average-levels-20210818<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>100 day MA below and 100 hour MA above The USDCHF fell into the\u00a0European morning session, and the\u00a0move lower fell below a swing area between 0.91286 and 0.91326. The\u00a050% midpoint of the range for August was also near that area at\u00a00.91296. However,\u00a0just below\u00a0those levels sat the 100 day moving average at 0.91255, and\u00a0traders leaned against [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1333,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[],"class_list":{"0":"post-1746","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-daily-news"},"_links":{"self":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/comments?post=1746"}],"version-history":[{"count":1,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1746\/revisions"}],"predecessor-version":[{"id":1747,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/posts\/1746\/revisions\/1747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media\/1333"}],"wp:attachment":[{"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/media?parent=1746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/categories?post=1746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wintrademarkets.com\/new\/wp-json\/wp\/v2\/tags?post=1746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}