empty
 
 
08.10.2015 01:03 PM
Technical analysis of USD/CHF for October 8, 2015
This image is no longer relevant

Overview:

  • The SD/CHF pair found strong support at the level of 0.9580, which represents weekly support 1. Equally important, the price is still moving between 0.9580 and 0.9763. Also, the USD/CHF pair has still been above 50% of Fibonacci retracement levels. As a result, the price has already faced strong support at this level of 0.9580 with the aim to test it. Therefore, the USD/CHF pair will get upward momentum rather convincing and the structure of the fall does not look corrective for indicating a bullish opportunity above the the weekly support 1 level (0.9580). It will be a wise to buy above this level with the first target at 0.9580 (this level is coinciding with the weekly pivot point this week) and it will call for an uptrend in order to continue bullish journey towards 0.9715 and 0.9763. Additionally, the price would form the double top at 0.9763. Moreover, the USD/CHF pair is expected to trade in a range about 75 pips this week. On the other hand, the stop loss should always be taken into account, thus it will of the sagacity to set your stop loss at the price of 0.7552.
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