Thread: Usd/Chf
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USDCHF: consolidation in the range of 0.9850-1.0037
USDCHF
March 10, 2016, 11:27
Buy on a level breakthrough of 1.0037 with 1.0100 target. Stop loss = 0.9980.
Reason for the trading strategy
Expectations of an expansion of the ECB asset purchases program and a decline in investor interest in the defensive assets (franc) support the USDCHF pair. Opening long positions on it can be considered above the upper limit of the range of 0.9850-1.0037.
USDCHF, Daily
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Time Frame -1H
since the begining of the week , the pair stays up 0.9900 .we are waiting to see the 1.0130 level with a help from the stochastic at a short term .
on the other hand , breaking the 0.9800 level will lead to a negative pressure and target 0.9675 and turn to the downside.
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USDCHF: consolidation after the publication of the US labor market report
USDCHF
March 7, 2016, 09:53
Buy on a level breakthrough of 0.9950 with 1.0008 target. Stop loss = 0.9900.
Reason for the trading strategy
The number of jobs outside the US agricultural sector increased by 242 thousand in February against the forecast of 195 thousand, the value of the index for the previous month was revised upwards -from 151 thousand to 172 thousand. The unemployment rate in the US in February was unchanged at 4.9%, as expected.
However, the average hourly wage in the United States decreased by 0.1% (m/m) in February, with a forecast of a 0.2% (m/m) growth. Low inflation expectations in the United States do not yet allow the USDCHF pair to consolidate above the 0.9950 level.
USDCHF, H1
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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.
The dollar against the franc traded pair ended yesterday below the level of 0.9900, which price may put under negative pressure and test the potential of 0.9800 before resuming the uptrend again, where he completed the price formation of minor bearish technical pattern has been shown through the secondary image, along with the negative pressure provided by the SMA 50.
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the first thing to get mention is the daily opening of the USDCHF which comes today below the primary Pivot of the last day on 0.9895 that suggests the likelihood of a downward bearing throughout today. As should be obvious from the moving crosses the MA20 which considered as the quick one is below the moderate 48MA to perform a state of bearish heading on the long term moves. by the way in the event that the price keeps below the index line for the magic indicator to overrun the chances regarding the downward direction according to the indicator. after seeing that I will go with the downward way and the market move shouldn't go over the resistance that located at 0.9945 with a target accumulation area at 0.934 up to 0.98 respectively and around this values its time to thinking about close any sell orders
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The dollar against the franc pair managed to come into contact with our main first expected at 1.0000 and shows some bearish bias influenced by negativity on Stochastic which clearly show through the time frame of four hours, which may push the pair to re-test the 0.9900 level before resuming the upside again.
In general, we continue tipping upward trend supported by the SMA 50, unless the breach of 0.9800 and stabilizing below it, indicating that the breach of 1.0000 would extend gains for the pair up to 1.0130 key next station.
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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.
Being dollar versus the franc test of ground support formed above the level of 0.9900, noting that the stochastic is approaching oversold areas to gain a good positive momentum on the time frame of four hours, which supports our expectations consistently upward trend in the coming period, pending test 1.0000 initially.
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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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