empty
 
 

2014.10.2109:26:00UTC+00Credit Suisse Enters Short Usd/chf

Credit Suisse has entered short USD/CHF (short-term) via filling a limit order at 0.945 with stop 0.9496, target 0.9325

Positioning Bias:

Short term trend: Bearish

Ichimoku analysis (4 Hour chart):

Tenkan-Sen level: 0.9438

Kijun-Sen level: 0.9457

Ichimoku cloud top: 0.9522

Ichimoku cloud bottom: 0.9578

USDCHF is facing strong resistance around 0.94896 (Oct 16th high). Trend reversal can happen only above that level.

On the upper side break above will target 0.9560/0.9600.

Minor support is around 0.9400. Break of will target 0.9358 (Oct 15th high)/0.9325.

Overall trend is weak. It is good to sell on rallies.

Recommendation: Sell USDCAD around 0.9450, SL 0.9496, Target 0.9325. 

  • 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 $1000 more!
    In April we raffle $1000 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


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