empty
 
 
13.11.2012 04:08 PM
USD/CHF: Intraday Range Technical Analysis for November 13, 2012

Forecast:
Strong level (Resistance) will be formed at 0.9530 providing a clear signal for sell deals with the target seen at 0.9435 level. Stop loss is to be placed above 0.9575.
Strong level (Support) will be formed at 0.9430 providing a clear signal for buy deals with the target seen at 0.9525 level. Stop loss is to be placed below 0.9325.

 

This image is no longer relevant

Overview:
USD/CHF: It is necessary to consider that the price is still located between points of 0.9430 and 0.9530 (Range: 100 pips), i.e. above the strong resistance level of 0.9530. The pair has already formed a strong resistance at this level of 0.9530 and is presently approaching to the further testing. Therefore, the Swissie is expected to go downwards following the structure which does not look corrective and indicating the bearish opportunity below 0.9530 level. Sell deals are recommended below 0.9530 with the first target seen at 0.9480 level. Thus, the downtrend is likely to continue the bearish movement towards 0.9435 level. Moreover, it is crucial that the price has probably formed a strong support at 0.9430. The saturation is likely to take place around 0.9430. Therefore, it is possible that the market will start showing the signs of a bullish behavior. In other words, buy deals are recommended above 0.9430 with the first target seen at 0.9460 level and if the weekly pivot point (0.9455) is broken successfully, then the pair will go further at 0.9525 level. It should be noted that the resistance becomes a support after it is broken. 

Weekly Pivot Points:
R3: 0.9648
R2: 0.9573
R1: 0.9530
PP: 0.9455
S1: 0.9412
S2: 0.9337
S3: 0.9294

Summary
Urgency
Analytic
Mourad El Keddani
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback