Home » Quick Forex » EUR/CHF analysis for January 02, 2018 888011000 110888 Recently, the EUR/CHF set has actually been trading sideways at the rate of 1.1712. According to the 4H time– frame, I found a phony breakout of horizontal resistance at the price of 1.1730 in the background, which is a sign that buying looks dangerous. I also found an overbought condition on the stochastic oscillator, which is another indication of weakness . My suggestionsis to look for prospective selling chances. The downward target is set at the cost of 1.1670. Resistance levels: R1: 1.1722 R2: 1.1731 R3: 1.1754 Assistance levels: S1: 1.1698 S2:1.1684 S3: 1.1660 Trading recommendations for today: watch for potential selling opportunities.The product has been supplied by InstaForex Business-www.instaforex.com
Related Posts
-
Everyday analysis of GBP/JPY for April 25, 2018 888011000 110888 Introduction The GBP/JPY pair was successful to achieve the initial favorable target at 152.45 yesterday, validating its affection by the primary bullish bias supremacy. Stochastic rally above the 50 level opens the way to gathering new positive momentum, to verify the extension of the positivity, to keep waiting for surpassing the 153.65 level and attaining the 2nd primary target at 154.10. Advising you that the primary suggestion stands by the stability of the rate within the main bullish channel, also the stability of the moving typical 55 listed below the present trading diminishes any possibility to form negative correctional trading, trying to supply extra favorable momentum until reaching the suggested targets. The expected trading rangefor today is between 151.65 and 154.10. The material has been offered by InstaForex Business-www.instaforex.com
-
Everyday analysis of Gold for April 25, 2018 888011000 110888 Overview Gold cost resumes its unfavorable trading clearly in its method to our primary waited target at 1316.48, pointing that stochastic keeps offering negative signals that might motivate the rate to break the discussed level, then extend the bearish wave to reach 1301.20 as a next station. For that reason, we keep preferring the bearish pattern for today unless breaching 1335.40 level and holding above it. The expected trading variety for today is in between the 1316.00 assistance and the 1335.00 resistance.The material has been supplied by InstaForex Business-www.instaforex.com
-
Daily analysis of Silver for April 25, 2018 888011000 110888 Introduction Silver price keeps its stability above the 16.56 level, observing that stochastic eliminates its unfavorable momentum plainly to reach the oversold areas, which forms a favorable aspect that we are waiting to assist to push the rate higher in the upcoming sessions, waiting to visit the 17.43 level. Therefore, we are waiting on positive trading today, conditioned by the price stability above 16.56, reminding you that breaching 17.43 will push the price towards 18.30 as a next main station. The expected trading range fortoday is in between the 16.50 assistance and the 17.00 resistance.The material has been provided by InstaForex Company -www.instaforex.com