Home » Quick Forex » GBP/USD analysis for June 14, 2017
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Technical analysis of USD/CHF for April 20, 2018 888011000 110888 < img width ="450"src="http://qkfx.com/wp-content/uploads/2018/04/technical-analysis-of-usd-chf-for-april-20-2018.png”alt =”analytics5ad955d4e251a.png”/ > Overview: Pivot: 0.9589. The USD/CHF set didn’t make considerable movement today. There are no modifications in my technical outlook. The bias stays bullish in nearest term screening 0.9809 or higher. The USD/CHF set continues to move upwards from the level of 0.9589. Yesterday, the set increased from the level of 0.9589 (the level of 0.9589 accompanies a ratio of 78.6 %Fibonacci retracement) to a leading around 0.9698. Today, the first assistance level is seen at 0.9589 followed by 0.9503, while day-to-day resistance 1 is seen at 0.9755. According to the previous occasions, the USD/CHF set is still moving in between the levels of 0.9600 and 0.9755; for that, we expect a series of 155 pips (0.9755-0.9600 ). On the one-hour chart, immediate resistance is seen at 0.9698, which accompanies the double top. Currently, the cost is relocating a bullish channel. This is validated by the RSI indication signaling that we are still in a bullish trending market. The rate is still above the moving average(100 )and( 50 ), For that reason, if the trend is able to break out through the very first resistance level of 0.9755, we must see the pair climbing up towards the weekly resistance at 0.9809 to evaluate it. It would also be smart to consider where to placestop loss; this must be set below the 2nd support of 0.9503 . The product has been supplied by InstaForex Business-www.instaforex.com