Technical analysis of USD/CHF for June 16, 2017 888011000 110888 USD/CHF is expected to advance further. The set is holding on the advantage and is trading above the increasing 50-period moving average, which plays a support role. The relative strength index is mixed with bullish bias. The downside potential ought to be restricted by the crucial support at 0.9720. To sum up, as long as this crucial level is not broken, a further rise to 0.9780 as well as to 0.9805 appears most likely to take place. Graph Description: The black line reveals the pivot point, present rate above pivot point shows the bullish position and listed below pivot points suggests the brief position. The red lines show the support levelsand the green line indicates the resistance levels. These levels can be used to leave and go into trades.Strategy: BUY at dips, Stop Loss: 0.9720, Take Earnings: 0.9780 Resistance levels: 0.9780, 0.9805, and 0.9875 Assistance levels: 0.9695, 0.9680, and 0.9600 The material has actually been offered by InstaForex Business-www.instaforex.com

By | June 16, 2017

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