Technical analysis of USD/CHF for April 09, 2018 888011000 110888 USD/CHF is anticipated to trade with a bearish outlook. The set just recently broke below its intraday rising trend line, which ought to verify a bearish turnaround. The 20-period moving average has actually reversed down, and also has actually crossed below the 50-period one(an unfavorable signal ). In addition, the relative strength indexlacks up momentum. As long as the resistance at 0.9610 is not surpassed, the risk of the break below 0.9550 stays high.Chart Explanation: The black line shows the pivot point. The present price above the pivot point indicates a bullish position, and the price listed below the pivot point suggests a brief position. The red lines reveal the assistance levels, and the green line indicates the resistance levels . These levels can be utilized to enter and exit trades. Strategy: SELL, stop loss at 0.9610, take profit at 0.9550. Resistance levels: 0.9635, 0.9655, and 0.9695 Support levels: 0.9550, 0.9530, and 0.9500. The product has actually been supplied by InstaForex

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