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Made the dollar versus the franc traded positive new yesterday to test the level of 0.9800, which will continue to form a strong barrier of resistance against attempts to positive price, accompanied by the start of the low stochastic overbought levels.
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Achieved the dollar against the franc pair breached 0.9800 and closed the daily candle above it, which opens the way to further gains on intraday basis, targeting the 0.9900 price regions mainly.Quote:
Originally Posted by TheFxTrader
Therefore, the rising tendency would be likely in the coming period unless the price back to trading below the level of 0.9800, which will re-activate the main negative scenario which targets start at 0.9676 and extends for up to 0.9474.
It bounced trading the dollar against the franc pair down yesterday after it found the price a good resistance around 0.9800, to settle the price below 0.9752 again, which supports the continuation of our expectations for the main downside trend in the coming period, and the road is open to visit at 0.9634 initially.
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Update:Quote:
Originally Posted by TheFxTrader
The dollar against the franc pair traded positively yesterday to move above the level of 0.9752, but it continues to face strong resistance posed by the 0.9800 barrier, noting that the stochastic is losing his intention positive clearly reaching overbought levels, which is a negative pressure is expected to contribute to pay the price to drop again.
Thus, we'll keep our outlook to the downside over the coming period provided stability below 0.9848, with reminders Home our goals that start at 0.9634 and extends to 0.9442.
The pair has made some gains against the franc notable on Friday to touch pivotal resistance 0.9848 and maintained stability without it, which keeps the bearish scenario existed until now, supported by overbought signs appearing through the stochastic.
So, we are waiting for trading negative during the coming sessions, and targets start to skip the level of 0.9752 to open the way towards 0.9634 and then 0.9442. Keep in mind that the breach of 0.9848 levels and 0.9944 stop the proposed negative scenario and lead the price to achieve further gains in the longer term.
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Achieved the dollar against the franc pair a clear breach of the level of 0.9848 and ended yesterday's trading above it, which proposed negative scenario halt in recent our reports and driving the price to start a potential upside wave on intraday and short term, noting that positive targets start at 0.9944 and extends to 1.0062.
Therefore, the rising tendency would be likely in the coming sessions with support from the 50 SMA that holds the pair from below, unless the breach of 0.9848 and stabilizing below it again.
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Back dollar versus the franc to test the falling trend line off the pivotal resistance 0.9848, noting that the stochastic is losing his intention positive significantly to reach overbought levels and, therefore, we believe that the opportunities available to resume the main bearish and trading passively during the coming sessions, pending skip level 0.9752 to confirm open the way towards 0.9634 as a target the next major.
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Usd/Chf par trade krnay kay liye hamay arket ko smjhna parta hai agr aap Usd/Chf par trade krna chatay ho to aap ko market ko smjh kr phr is mai trade krna hoga agr aap aesa kro gay tb hi aap is mai earn kr sko gay.
The pair shows against the franc traded slightly negative after approaching test 0.9848 areas yesterday, supported by the negativity on Stochastic that appear on the time frame of four hours, waiting for the price to continue to stimulate the decline targeting 0.9752 levels and 0.9634 mainly.
Recall that the continuation of the bearish trend is dependent on stability below 0.9848 levels and, most importantly, without 0.9944.
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It gave the dollar against the franc some positive attempts pair last Friday after build on the pivotal support at 0.9848, where it meets the 50 SMA with this level to add more power to him, while Stochastic is moving up the time frame for four hours.
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