empty
 
 
15.05.2014 02:08 PM
Technical analysis of USD/CHF for May 15, 2014

This image is no longer relevant

Trading recommendations:

  • According to the previous events, the USD/CHF pair has still been moving between 0.8873 and 0.8993. So we expect a large range about 93 pips in the future. The breakout seen at the ratio of 100% Fibonacci retracement level (the double top in H1 chart) for that the key level is set at the level of 0.8872 because it is representing strong support and it is coinciding with the 100% Fibonacci retracement level. As it is known, history will probably repeat itself at this level again. Therefore, it will a good sign to buy above 0.8872 with the first target of 0.8955. It will call for uptrend in order to continue its bullish movement towards 0.8982.
  • On the other hand, the stop loss should never exceed your maximum exposure amounts, consequently the stop loss should be placed below the double top at the price of 0.8850.

Notes:

  • Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidated.
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