empty
 
 
16.07.2014 05:27 AM
Technical Analysis of USD/CHF for July 16, 2014

This image is no longer relevant

The pair is trading above the three weeks high and facing resistance at 50-W Sma at the 0.90 levels. Currently, the pair is trading at the 0.8959 levels. If the pair managed to close above 0.90 on a weekly closing basis, the bulls are back on track for the short-term rally. On the down side, the pair has support at the 0.89 levels.

Intraweek resistance - 0.8976 0.90

Intraweek support - 0.8945 0.8936 0.8899

Monthly support - 0.8857

This image is no longer relevant

The pair is close above the short-term averages in the daily chart. If the pair closes above 50-D Sma and 200-D Sma, it is a good sign. The pair has resistance at 0.8976 levels. For an intraday basis, the pair is facing strong resistance at 0.8963. Above this, it can fly up to 0.8976, 0.90, and 0.9059 levels. On the down side, it has support at 0.8955, below this at 0.8936, and 0.8926 levels. The pair looks weak below 0.8926 for a downside move to the 0.8912 and 0.8899 levels.

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback