the pair is break the resistance at 1.2335 and moving up side in the h1 time frame. at the time cci is also moving to up side. we can long this pair with the target next resistance at 1.2375 and stop loss is below the pivot point at 12310
Thread: Eur/Chf
the pair is break the resistance at 1.2335 and moving up side in the h1 time frame. at the time cci is also moving to up side. we can long this pair with the target next resistance at 1.2375 and stop loss is below the pivot point at 12310
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Eur/chf analysis for 02.18.2013 by using : pivot indicator.
r3:1.2382
r2:1.2357
r1:1.2336
pivot:1.2311
s1:1.2290
s2:1.2265
s3:1.2244
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
After succeed made a new high then the buyers lost their power and the price decline until fibonacci 38.2% now. The continuing downtrend will open a way for the price to touch 1.2286 again. A buying plan will be taken after the bid price could breakthrough 1.2340.
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buy eur/chf at the level 1.2320 with target at 1.2365 and 1.2400, but in case of breaking the level 1.2300, then sell below this level with targets at 1.2275 and 1.2240
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Spoiler:
The position of the current price is above the 50 EMA on the hourly chart, momentum is bullish
The position of the current MACD cross the line above the area 0, the momentum is bullish
Trend today: bullish
Target today:1.2383
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H4 graph shown the downtrend still unable to breakdown fibonacci 76.4% @1.2289 which is indicated uptrend still strong enough there. I expect the price may going up for re-testing fibonacci 0.0 @1.2386.
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EURCHF is very less violatile which is very awsome thing for new traders it also moving in a range 1.2260 on the downside and 1.2380 on the higher side so chances can be easily avail and make easy profits.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
i love this kind of pair of currency in the market that wayi know that i will have to make the best kind of trading i the market and that way i know iwill win the best way i know that i will know what is good nad what is not bad.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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