Technical analysis of USD/CHF for December 29, 2017 888011000 110888 All our targets which we predicted in the other day’s analysis have been struck. The set is heading downward now, and is expected to check its next support at 0.9770. The danger of a slide listed below this threshold remains high, as both the 20-period and 50-period moving averages are heading downward, and require more decrease. The relative strength index is listed below its neutrality area at 50. In these point of views, as long as 0.9810 is not exceeded, likely decline to 0.9730 and 0.9750 in extension. Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price below the pivot points suggests a short position. The red lines reveal the assistancelevels and the green line shows the resistance levels. These levels can be utilized to leave and go into trades.Strategy: OFFER,Stop Loss: 0.9810, Take Profit: 0.9730 Resistance levels: 0.9840, 0.9860, and 0.9900 Support levels : 0.9730, 0.9700, and 0.9650 The material has actually been supplied by InstaForex

By | December 29, 2017

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