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What a day for the USDCHF. Back testing the 200 day MA.


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Down and Up and Down again.


A few hours ago, I outlined an area where sellers should stick a toe in the water (see post) against the 200 and 100 hour MA. The price peeked above the level but not by much.  Since then the price has moved right back to the 200 day MA.  

We are just moving below that MA as I type.   The sellers are piling on as flows into the safety of the CHF lead to the selling of the pair.  
Stocks are the catalyst again:

Nasdaq, -150 points or -2.29%S&P, -55 points or -2.21%Dow, -600 points or -2.59%
A look at some of the big losers:

  • twitter, -12.24%
  • Square, -8.45%
  • Chipotle, -7.48%
  • Tesla, -5.65%
  • Netflix, -4.65%
  • Adobe, -4.26%
  • Nvidia, -3.21
  • Microsoft, -3.37%
  • Boeing, -3.05%
  • Amazon, -3.24%
  • Apple, -3.10%

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