Technical analysis of USD/CHF for June 12, 2017 888011000 110888 USD/CHF is expected to trade with a bearish outlook. Although the set published a rebound, its trading appears to be shifting its pattern from upward to downward, which should restrict the upside potential. The relative strength index is below its neutrality level at 50. Despite the fact that an extension of a technical rebound can not be eliminated, its degree should be limited. As long as 0.9705 is not surpassed, expect a return to 0.9655 and even to 0.9635 in extension. Chart Explanation: The black line reveals the pivot point, present cost above pivot point indicates the bullish position and below pivot points suggests the brief position. The red lines show the support levels andthe green line shows the resistance levels. These levels can be used to go into andleave trades.Strategy: SELL at dips, Stop Loss: 0.9705, Take Earnings: 0.9655 and 0.9635 Resistance levels: 0.9730, 0.9760, and 0.9800 Assistance levels : 0.9655, 0.9635, and 0.9610 The product has actually been offered by InstaForex Company-www.instaforex.com

By | June 12, 2017

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