By: Doug Rosen
The Swissy still maintains its position above the 5 ema on the daily time frame for yet another day. The Swissy seems to be building strength. The daily stochastics is also pointing up. A brief look at the weekly time frame it is obvious that price is riding and staying above the 5 ema and there is great angle and separation between the 5 and 13 ema's.
On the 4 hour time frame price has been staying above the 21 ema and riding with the 5 and 13 ema's. Price opened up today above the monthly M3 pivot at .9227
On the hourly time frame price is also above the 5, 13 and 21 ema's.
Finally, on the 15 minute time frame price continues to ride the ema's up and progressively fib its way upside. Price has broken above the 144 ema and has retested it and seems to want to continue heading up. At the time I am writing this analysis price is breaking through the daily central pivot at .9249 and the 15 minute upper Bollinger band is open and pointing up and the 5 ema has crossed above the 144 and the 13 ema is also beginning to cross above the 144 as well. I am expecting a bullish day for the Swissy.
