Technical analysis of USD/CHF for March 08, 2018 888011000 110888 USD/CHF is anticipated to trade with a bullish outlook. The set edged higher last night. Presently, the costs are consolidating above both rising 20-period and 50-period moving averages, which preserve the benefit bias. The relative strength index stands strongly above its neutrality level at 50 and does not have down momentum. The U.S. dollar was bit changed as investors awaited details of the proposed new U.S. import tariffs on steel and aluminum. Therefore, as long as 0.9400 is not broken, look for a brand-new increase with targets at 0.9445 and 0.9475 in extension. Chart Explanation: The black line shows the pivot point. Today rate above the pivot point indicates a bullish position, and the price below the pivot point shows a short position. The red lines show the supportlevels, and the green line indicates the resistance levels. These levels can be utilized to exit and enter trades.Strategy: BUY, stop loss at 0.9400, take earnings at 0.9445. Resistance levels: 0.9475, 0.9500, and 0.9540 Support levels : 0.9375, 0.9355, and 0.9300. The material has been offered by InstaForex

By | March 8, 2018

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