Technical analysis of USD/CHF for April 18, 2018 888011000 110888 All our benefit targets which we forecasted in the other day’s analysis have actually been struck. USD/CHF is anticipated to advance further. The set is hanging on the upside after the other day’s upward acceleration. Both increasing 20-period and 50-period moving averages preserve the bullish predisposition. The relative strength index is bullish and calls for a new upleg. To conclude, above 0.9635, try to find an additional advance with targets at 0.9715 and 0.9750 in extension. Chart Description: The black line reveals the pivot point. The present rate above the pivot point indicates a bullish position, and the price listed below the pivot point suggests a short position. The red lines reveal the assistancelevels, and the green line suggests the resistance levels. These levels can be used to leave and go into trades.Strategy: BUY, stop loss at 0.9635, take profit at 0.9715.Resistance levels: 0.9715, 0.9750, and 0.9790 Support levels : 0.9605, 0.9575, and 0.9545. The product has been supplied by InstaForex

By | April 18, 2018

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