empty
 
 
19.06.2015 11:16 AM
Technical analysis of USD/CHF for June 19, 2015
This image is no longer relevant

Trading recommendations:

  • Due to the previous events, the USD/CHF pair is still trading between the levels of 0.9072 and 0.9374. So, it is recommended to be careful while making deals in this area. Therefore, it is necessary to wait until the sideways channel is passed through (range). Then the market is likely to show the signs of a bullish trend. In other words, buy deals are recommended above 0.9072 level with their first target at 0.9260. From this point, the pair is likely to begin an ascending movement to the point of 0.9304 and further to the level of 0.9374 (it will act as a strong resistance for this week).
  • At the same time, sell below the level of 0.9374 with the first target at 0.9155; also, it will call for a downtrend in order to continue its bearish movement towards 0.9072 in order to test the double bottom in the H4 chart.

Intraday Technical Levels:

  • Projected high: 0.9374
  • Breakout (buy stop): 0.9266
  • Current Pivot: 0.9202
  • Breakout (sell stop): 0.9143
  • Projected low: 0.9072
Summary
Urgency
Analytic
Mourad El Keddani
Start trade
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 $6000 more!
    In December we raffle $6000 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
  • 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