{"id":105817,"date":"2023-06-07T21:18:24","date_gmt":"2023-06-07T21:18:24","guid":{"rendered":"https:\/\/dripp.zone\/news\/index.php\/2023\/06\/07\/jumps-strongly-off-50-day-ema-sets-sights-on-0-9100-crypto-news\/"},"modified":"2023-06-07T21:18:26","modified_gmt":"2023-06-07T21:18:26","slug":"jumps-strongly-off-50-day-ema-sets-sights-on-0-9100-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/jumps-strongly-off-50-day-ema-sets-sights-on-0-9100-crypto-news\/","title":{"rendered":"Jumps strongly off 50-day EMA, sets sights on 0.9100\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>USD\/CHF shows bullish momentum, targeting the 0.9100 mark with 0.27% gains.<\/strong><\/li>\n<li><strong>RSI and three-day RoC indicators suggest bullish dominance despite sideways movement.<\/strong><\/li>\n<li><strong>Overcoming the 0.9120 hurdles could steer the USD\/CHF towards the 0.9147 and 0.9200 landmarks.<\/strong><\/li>\n<\/ul>\n<p>USD\/CHF bounces off the 50-day Exponential Moving Average (EMA) and threatens to claim the 0.9100 figure late after Wall Street closed.  The US Dollar (USD), propelled by <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/sentiment\/risk-appetite\">risk aversion<\/a>, helped the USD\/CHF to register solid gains of 0.27%.  At the time of writing, the USD\/CHF is trading at 0.9090 after hitting a low of 0.9043.<\/p>\n<h2 class=\"fxs_headline_medium\">USD\/CHF Price Analysis: Technical outlook<\/h2>\n<p>From the USD\/CHF daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/chart\">charts<\/a> perspective, the pair is neutrally biased, consolidated within the limits of solid support found around the 20- and 50-day EMAs, each at 0.9036 and 0.9040) and resistance at the 100-day EMA at 0.9123.  Although price action remains sideways, the Relative Strength Index (RSI) shows bulls are in charge, further cemented by the three-day Rate of Change (RoC).  Hence, the USD\/CHF path of least resistance is upwards.  Of note, the Average True Range (ATR) suggests that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/technical-analysis\/volatility\">volatility<\/a> in the pair could lean up to 60 pips.<\/p>\n<p>Dialing into the USD\/CHF hourly chart, price action remains sideways, though it broke above a resistance trendline late in the New York session, exacerbating a rally above 0.9100.  However, buyers must reclaim the weekly high of 0.9120, so they can pose a threat towards last week&#8217;s high of 0.9128.  The breach of those levels will pave the way towards the R1 daily pivot at 0.9147, ahead of challenging the 0.9200 figure.  Conversely, a fall below the daily pivot at 0.9083 could open the door towards the EMAs at around 0.9074\/76, followed by the 200-EMA at 0.9065.<\/p>\n<h3 class=\"fxs_headline_medium\">USD\/CHF Price Action \u2013 Hourly chart<\/h3>\n<h3 class=\"fxs_headline_medium\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/editorial.fxstreet.com\/miscelaneous\/image-638217692780454232.png\"><\/a><\/h3>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: USD\/CHF shows bullish momentum, targeting the 0.9100 mark with 0.27% gains. RSI and three-day RoC indicators suggest bullish dominance despite sideways movement. Overcoming the 0.9120 hurdles could steer the USD\/CHF towards the 0.9147 and 0.9200 landmarks. USD\/CHF bounces off the 50-day Exponential Moving Average (EMA) and threatens to claim the 0.9100 figure late after [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":41882,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,276,255,250,277,252,247,253,249,308,597,256,254],"class_list":["post-105817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-currencies","tag-gta","tag-looks-rare","tag-majors","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-technical-analysis","tag-usdchf","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/105817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=105817"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/105817\/revisions"}],"predecessor-version":[{"id":105818,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/105817\/revisions\/105818"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/41882"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=105817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=105817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=105817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}