Subscribewe can notice on the chart , the pair is trading under the level of 1.2300 , so any way if the pair succeeded in breaking 1.2300 , the pair will continue in it's up movements heading to 1.2330 and then 1.2370 on continuous movements base
Thread: Eur/Chf
we can notice on the chart , the pair is trading under the level of 1.2300 , so any way if the pair succeeded in breaking 1.2300 , the pair will continue in it's up movements heading to 1.2330 and then 1.2370 on continuous movements base
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If a M15 close above 1.2300 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.2200 sell only and do not buy. If price closes back above it again do nothing
The range 1.2300 and 1.2200 is neutral area, any trade done in between is personal decision and not part of this analysis
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the pair and as we can see from the chart has closed it's daily candle under the level of 1.2350 , so , that's mean the down trend is still standing and the pair is heading to 1.2290 then 1.2260
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If a M15 close above 1.2400 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.2200 sell only and do not buy. If price closes back above it again do nothing
The range 1.2300 and 1.2200 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
EURCHF intraday :bullish bias above 1.2390, the RSI lack downward momentum.
The upside movement targeting the level of 1.2460 and than 1.2490 .
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The momentum of buying will lead the movement to up trend to reach 1.2450 , so the buying is suggested with a appropriate stop loss level and targets equal 40 pips at least
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the chart is showing that he pair has succeeded in breaking the level of 1.2400 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 1.2470 and then 1.2500
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the pair and as we can see from the chart has closed it's daily candle above the level of 1.2350 , so , that's mean the up trend is still standing and the pair is heading to 1.2375 then 1.2400
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the trading now above the level of 1.2350 will make the uptrend expected and the pair might continue in it's upmovements heading to 1.2375 and then 1.2400 and that's before bouncing from the resistance levels
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According to Pivot point analysis, EURCHF might go upward if it can break the level of 1.2342, 1.2346 and 1.2350, and it may go down if it breaks down the level of 1.2334, 1.2330 and 1.2326.
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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