Home » Quick Forex » Technical analysis of USD/CHF for July 30, 2018 888011000 110888 Overview: Pivot point: 0.9857 The USD/CHF pair is still moving above the pivot point of the rate 0.9857 since last week. The USD/CHF set faced resistance at the level of 0.9943. The strong resistance has been currently formed at the level of 0.9943 and the pair is likely to attempt to approach it in order to evaluate it again. If the set fails to pass through the level of 0.9943, the market will show a bearish opportunity listed below the brand-new strong resistance level of 0.9943(the level of 0.9943 coincides with a ratio of 50 %Fibonacci and 61.8 %). The RSI begins signaling a downward trend, as the trend is still showing strength above the moving average (100 )and (50). Therefore, the marketplace is indicating a bearish chance listed below 0.9943, so it would be good to cost 0.9940 with the very first target of 0.9795. It will also call for a sag in order to continue to 0.9733. The everyday strong support is seen at 0.9733. On the other hand, the stop loss order need to constantly be taken into account, for that it will be reasonable to set your stop loss at the level of 1.0050. The product has actually been supplied by InstaForex Business-www.instaforex.com

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