Technical analysis of USD/CHF for February 01, 2018 888011000 110888 USD/CHF is under pressure and is capped by a falling pattern line. The pair stays under pressure below its declining pattern line. The relative strength index is likewise negative below its neutralityarea at 50. The falling 50-period moving average serve as a resistance function, and should continue to press the rates lower. To sum up, as long as 0.9345 is not exceeded, try to find a new drop to 0.9250 and 0.9220 in extension. Chart Description: The black line reveals the pivot point. Today price above the pivot point indicates a bullish position, and the cost listed below the pivot point suggests a short position. The red lines reveal the supportlevels, and the green line indicates the resistance levels. These levels can be used to exit and enter trades.Strategy: OFFER,stop loss at 0.9345, take revenue at 0.9250. Resistance levels: 0.9365, 0.9395, and 0.9430 Assistance levels : 0.9250, 0.9220, and 0.9200. The product has been offered by InstaForex Business-www.instaforex.com

By | February 1, 2018

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