Technical analysis of USD/CHF for May 15, 2018 888011000 110888 USD/CHF is expected to trade with a bullish outlook. The pair positioned a sharp rebound with a bullish divergence signal from the relative strength index. In addition, the 20-period moving average turned upward and crossed above the 50-period one. For this reason, as long as 0.9990 is not broken, look for the extension of the bounce with targets at 1.0070 and 1.0100 in extension.Chart Explanation: The black line reveals the pivot point. The present cost above the pivot point indicates a bullish position, and the rate listed below the pivot point suggests a brief position. The red lines show the assistancelevels, and the green line shows the resistance levels. These levels can be utilized to exit and get in trades.Strategy: BUY, stop loss at 0.9990, take revenue at 1.0070. Resistance levels: 1.0070, 1.0100, and 1.0130 Support levels : 0.9955, 0.9930, and 0.9890 The material has actually been provided by InstaForex

By | May 15, 2018

Leave a Reply

Your email address will not be published. Required fields are marked *