Overview:
- According to the previous events, the USD/CHF pair has still trapped between 0.9542 and 0.9365 in the H4 chart.
- Also, it should be noted that the double top will be set at 0.9542.
- Strong resistance will be formed at the level of 0.9540 providing a clear signal for sell deals with targets at 0.9440 and 0.9370.
- Stop-loss is to be placed above the double top at 0.9542.
- Strong support will be formed at the level of 0.9365 providing a clear signal for buy deals with a target at 0.9530.
Observations:
- We expect a range about at least 87 pips in coming day.
- The risk of 58 pips must make a profit of 87 pips.
- The value of 61.8% Fibonacci retracement levels is 0.9365.
- The level of 0.9365 will confirm the bullish market.
- Volatility is 112.84. As a rule, the market is highly volatile if the last day had a huge volatility.
- The trend is still clling for strong bullish market from the area of 0.9365.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/CHF for July 14, 2015 . Thanks for your support.
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