The MACD settings are 6, 13, closed, 9. The Stochastic RSI settings: LengthRSI 9, LengthStoch 9, SmoothK 6, and SmoothD 6.
As we can see, the settings are pinpoint accurate with StochRSI oscillator leading they way and the MACD confirming the trade once the crossover has taken place on the StochRSI. Based on my analysis, it would be a good idea to continue to go short on this pair.
Moreover, there is an inside bar pattern that formed on the weekly chart over the last two weeks. Having taken in to account all of those factors, shorts on EURCHF would be the best way to go.
Please leave your feedback below. And as always, thank you for looking and good luck!
As we can see, the settings are pinpoint accurate with StochRSI oscillator leading they way and the MACD confirming the trade once the crossover has taken place on the StochRSI. Based on my analysis, it would be a good idea to continue to go short on this pair.
Moreover, there is an inside bar pattern that formed on the weekly chart over the last two weeks. Having taken in to account all of those factors, shorts on EURCHF would be the best way to go.
Please leave your feedback below. And as always, thank you for looking and good luck!
Trade active:
The Euro has melted away across the board and against the Franc as well. If we have another Daily close below the Daily 50MAV then I will open another short position as the Bears have pushed the price below many previous support regions. With continuously weak Eurozone data and mounting political concerns in Italy, I feel that the ECB will remain pat on their monetary policy and keep the Euro subdued.