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Thread: Usd/Chf

  1. #670
    Senior Member mskoko is on a distinguished road mskoko's Avatar
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    Before the opening of the European session, the pair USD / CHF is trading in a narrow range to the flat, tight minimum and maximum levels on Friday, in connection with the Monday I am considering two options, the first one, when buying a penetration level of 0.8852, and the second, after sales penetration level of 0.8813 .

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    Senior Member KIRANFX will become famous soon enough KIRANFX's Avatar
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    Basically, USDCHF still in up trend as the main trend now. Then, if USDCHF can rise and break 0.8836, I think it will make USDCHF has a possibility to stay in up trend and if that happen, I expect USDCHF will continue going up to the next resistance level at 0.8870.

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    If we look on the chart, we can see that USDCHF had been rejected by the resistance level at 0.8836. So, because of that rejection, I think USDCHF is possible to fall today and make a correction movement to the support level at 0.8800 or even lower.

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    USD / CHF chart in the suppression of average system to maintain the objective decline. From the map hour trend, the dollar / Swiss Franc broke through the adjustment interval since March 13th along the 0.8770 resistance, carried out further rise. In 0.8830 the signs around high building secondary rhythm, it is expected that after short-term adjustment will be up to 0.8870. Key support short-term upward in the process of 0.8740.

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    USDCHF is moving in a strong bullish movement and has broken the support level at 0.8800 strongly and successfully. In my view, the bullish movement still strong and possible to continue. Maybe this pair will reach the next resistance level at 0.8836 or even higher.

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    USDCHF narrow shocks. The Fed's market before the resolution of trading cautious. Days, investors, the focus will be on Beijing time tomorrow morning the Fed policy meeting. A 30 minute chart, the dollar under pressure to the Swiss franc is above 0.8770-0.8785, the pressure below the support level of 0.8720-0.8695

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    USD / CHF on Tuesday on the daily chart has formed a reversal candlestick pattern "pin-bar", so on Wednesday preference or a sales breakdown level of 0.8700, or from resistance levels 0.8763 and 0.8796.

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    USD / CHF chart in the suppression of average system to maintain the decline in medium-term objective. From the map hour trend, the dollar / Swiss Franc since March 13th has been in the 0.8695-0.8755 range operation, running process kinetic changes frequently, the current operation in the middle range, is expected to continue days interval rhythm. 0.8695-0.8755 interval was to sell high and buy low, stop 30 points, 50 points of profit

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    If we look the previous candle on daily time frame, we can see that candle form a pin bar candle and also a rejection from the resistance level at 0.8739. So, based on this situation, I think USDCHF has a potential to fall and reach the support level at 0.8709 or even lower to 0.8679.

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    USD/CHF (a 4- hour chart)
    18 March 2014

    The support is 0.8690. The first resistance is 0.8800, the next -0.8850.
    Trading recommendations
    Its advised to go short with the main goal 0.8679. When fixing the price below the first target, the main goal is 0.8635.

    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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