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EUR/CHF ADX tied to an extreme

By : Mex Group

EUR/CHF ADX tied to an extreme

14 September 2016, 08:01

EUR/CHF has captured the attention of market participants with its hourly ADX(14) hurdling above the 50 level.

Accordingly to the ADX indicator, EUR/CHF has surged above the key 50 level in a technical event that threatens the potential for its price action to remain constructive. Such a strong move encourages bulls to pile in, likely positioning stops close to the market to lock in profit. This may have the opposite effect of a squeeze, driving the prices lower to find less impulsive buyers.

EUR/CHF 0001-01-01T00:00:00
0/0 (0%)
H0 L0

S3S2S1R1R2R3
1.0946632623672 1.0951066017150 1.0955632925033 1.0964633226394 1.0969066619873 1.0973633527755

Trend IndexOB/OS Index
Bullish Neutral