Thread: Usd/Chf
The pair begin trading today against the franc strong rise of the approaching re-test the level of 0.9676, as long as the price is above the level of 0.9676, the bearish scenario will remain in place for the coming period, pending a visit recorded in advance when the bottom 0.9474.
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Dollar versus the franc negatively noticeable trading yesterday after the average shape of the moving barrier 50 strong resistance to the attempts by recent positive price, to settle the price below 0.9600, enhanced continuity of bearish scenario in the short term, and that the next target is at the level of 0.9474.
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Made the dollar versus the franc traded slightly positive for approaching the SMA test 50 which is a momentary good resistance at 0.9635, which protects the scenario proposed in recent bearishness our reports, accompanied by contact with Stochastic overbought areas.
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The pair bounced trading down against the franc after the re-test the 0.9676 level late last week, supporting the continuation of our expectations for the downside in the coming period, and the road is open to the trend towards 0.9474 as a key target Tally, supported by the negative pressure, which lasts 50 MA to provide.
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The pair held against the franc retest of the pivotal resistance 0.9676 process and maintained its stability without him, where he met SMA 50 with the mentioned level to add more power to him, accompanied by the emergence of clear negative signs through the stochastic.
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Bounced trading the dollar against the franc pair down yesterday after the oscillation near the pivotal resistance 0.9676, the price starts to test the 0.9600 barrier, which represents breaking negative factor will facilitate the task of the price to go towards our next major expected at 0.9474.
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Attempts dollar against the franc pair stopped when the price found strong resistance at 0.9676, which provides signals that the price on the way for the resumption of the downward trend, and is expected to rise yesterday stopped at this point, where we note that the recent rise was limited within the minor ascending channel.
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These factors make us keep our outlook to the downside on the intraday and short term, and that the next target is at 0.9474, while the continuation of stability required without 0.9676 and more importantly without 0.9800.Originally Posted by TheFxTrader
Ft dollar versus the franc traded positive yesterday to re-approaching the 0.9676 level which turns into an important resistance after the pre-break test, accompanied by stochastic entering overbought areas, while SMA 50 continues to form a negative pressure on the price.
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.
Ft dollar versus the franc traded positive yesterday to re-approaching the 0.9676 level which turns into an important resistance after the pre-break test, accompanied by stochastic entering overbought areas, while SMA 50 continues to form a negative pressure on the price.
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.
The pair shows against the franc more negative trades heading towards our next major expected at 0.9474, where the 50 EMA continues to pressure trading negatively intraday and short term, reinforcing expectations of further declines in the coming period.
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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