Technical analysis of USD/CHF for March 07, 2018 888011000 110888 USD/CHF is under pressure. The pair retreated below the crucial resistance at 0.9445 and broke below its 20-period and 50-period moving averages. In addition, the 50-period moving average is reversing down. The relative strength index does not have upward momentum. The United States dollar resumed its drop as investorsanticipated lower geopolitical stress after South Korea announced plans to hold a top with North Korea. To conclude, as long as 0.9445 is not surpassed, look for a return with targets at 0.9360 and 0.9335( the low of March 2 )in extension. Chart Explanation: The black line shows the pivot point. The present cost above the pivot point shows a bullish position, and the rate below the pivot point suggests a brief position. The red lines show the assistance levels, and the green linesuggests the resistance levels. These levels can be used to get in andexit trades.Strategy: SELL, stop loss at 0.9445, take earnings at 0.9360. Resistance levels: 0.9475, 0.9500, and 0.9540 Assistance levels: 0.9360, 0.9335, and 0.9300. The product has actually been supplied by InstaForex

By | March 7, 2018

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