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Thread: Technical analysis of USD/CHF By Instaforex

  1. #1
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    Default Technical analysis of USD/CHF By Instaforex

    Overview:
    USD/CHF is expected to consolidate with a bullish bias after hitting a seven-month high at 0.9138 on Wednesday. It is underpinned by the positive dollar sentiment and dovish Swiss National Bank's monetary policy. But USD/CHF gains are tempered by the franc demand on buoyant CHF/JPY cross. The daily chart is positive-biased as stochastics is in a bullish mode, MACD is turning bullish, five and 15-day moving averages are advancing.

    Trading recommendations:
    The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 0.9130 and the second target at 0.9145. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.9070. A break of this target would push the pair further downwards and one may expect the second target at 0.9050. The pivot point is at 0.91.
    Technical analysis of USD/CHF By Instaforex-usdchfm30-png

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    Default Intraday trading recommendations on USD/CHF for September 08, 2014

    Technical analysis of USD/CHF By Instaforex-usdchfdaily-png
    The pair held the 50Msma and started moving higher. The pair has a short-term support at 0.9175 (50Msma) and the 0.9135 level. On a closing basis, until the price stands above these levels, the pair favors buying on dips towards 0.94, 0.9456, and 0.95 in the short term. The monthly support existed at 0.8980 and weekly support existed at the 0.9158 and 0.9126 levels. When a break and close are below 0.9135, the pair will look for the nearest support at 0.90 and 0.8975. The pair has strong resistance at 0.94 (200Dema). When a weekly close is above 0.94, bulls may print 0.9456,0.9534, and 0.9624 levels.
    Support is at 0.9158, 0.9126, and 0.90.
    Resistance is at 0.94, 0.9456, and 0.9534.
    Intraday cmp 0.9320.
    Technical analysis of USD/CHF By Instaforex-usdchfh4-png
    The prices are closed above the key hourly moving averages, representing buy on dips. But the main concern is the h1 and h4 momentum oscillators are indicating an extreme overbought area. It represents limited upside move and sellers will mint the money. Safe traders can sell below 0.9286 with targets at 0.9250 and 0.9230. The panic button will trigger below 0.9230 towards 0.9175 and even lower.
    Sellers will mint the money, so sell and wait patiently.

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    Default Technical analysis of USD/CHF for October 10, 2014

    Fundamental overview:
    USD/CHF is expected to trade in higher range.It is underpinned by the improved dollar sentiment (ICE spot dollar index last 85.55 versus 85.32 early Thursday) after comment from Fed's Bullard that "the markets are making a mistake" expecting the Fed to maintain its ultra-easy policy stance longer than Fed officials currently expect; fewer-than-expected 287,000 U.S. jobless claims in week ended Oct. 4 (versus forecast 292,000), larger-than-expected 0.7% increase in U.S. August wholesale inventories (versus forecast +0.4%) and franc sales on soft CHF/JPY cross and dovish Swiss National Bank's monetary policy. But USD/CHF gains are tempered by the positions adjustment before U.S. long weekend. Financial markets in Japan and U.S. are shut Monday for public holidays).

    Trading recommendations:
    The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 0.96 and the second target at 0.9650. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.9465. A break of this target would push the pair further downwards and one may expect the second target at 0.9420. The pivot point is at 0.95.
    Technical analysis of USD/CHF By Instaforex-usdchfm30-png

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    Default Technical analysis of USD/CHF for January 29, 2015 By Instaforex

    Fundamental overview:
    USD/CHF is expected to trade with risks skewed higher. It is supported by the positive dollar sentiment (ICE spot dollar index last 94.63 versus 93.96 early Wednesday), the franc sales on soft CHF/JPY cross, the negative Swiss interest rates and the threat of the SNB CHF-selling intervention. But USD/CHF gains are tempered by the franc demand on soft EUR/CHF cross.

    Trading recommendations:
    The pair is trading above its pivot point. It is likely to trade in a higher range as far as it remains above its pivot point. As long as the price is keeping above its pivot point, a long position is recommended with the first target at 0.9265 and the second target at 0.9365. In an alternative scenario, if the price moves below its pivot points, short positions are recommended with the first target at 0.8985. A break of this target would push the pair further downwards, and one may expect the second target at 0.8925. The pivot point is at 0.9050.
    Technical analysis of USD/CHF By Instaforex-usdchfm30-png

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analysis, closing, eur, forecast, high, index, instaforex, intraday, japan, macd, main, pivot, resistance, sales, short term, support, technical analysis, time, trading, usd

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