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  • USD/CHF Technical Analysis & Daily Chart

    We forecast a bullish movement for the pair in the recent future.

    Today we would focus our analysis on the USD/CHF currency pair. The price recently...
    USD/CHF Technical Analysis & Daily Chart

    We forecast a bullish movement for the pair in the recent future.

    Today we would focus our analysis on the USD/CHF currency pair. The price recently managed to reach areas above 0.9639, and we expect this bullish momentum to continue, possibly as fr as 0.9800.

    After trading between 0.9639-0.9600 for several days (which are the 61.8% and 50% Fibonacci levels), the pair overcame this fluctuation and reached a new high at 0.9733. The old resistance at 0.9639 turned into a support level, while the pair acquired a new resistance at 0.9763 (which also helps to form a double top pattern on the chart).

    Now the price of the USD/CHF can be seen oscillating between 0.9693 and 0.9763. It is demonstrating a markedly bullish character; the RSI indicator also agrees that the pair is located in a bullish trend.

    This is why we expect that the USD/CHF would be able to break its nearby resistance level at 0.9763 and continue moving upward. Our next resistance today is located at 0.9800 and might also be tested, if the first one is successfully overcome. As long as the pair is able to stay above its older channel at 0.9639-0.9600, then expect further growth.

    At the moment of this article’s publication the pair is trading around 0.9650 and most trading indicators show a strong sell suggestion.

    http://www.imghost.in/img/2017-08/17/1efwbcob4yikmudpd3qrswz47.png
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  • pekanto
    pekanto replied to a discussion, Role of Media in Trading
    Media plays a good role in Trading platform. It helps to show the latest market trends. Market and Media works hand in hand.

    Online and offline media, both are effective in displaying market...
    Media plays a good role in Trading platform. It helps to show the latest market trends. Market and Media works hand in hand.

    Online and offline media, both are effective in displaying market structures:D
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  • bishan168
    bishan168 replied to a discussion, Maximum Return : How and When?
    Favorable time is when the market will support your's needs.
    Market trends determine your opportunity.
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  • I don't. I learn from my mistakes.


    Well Mate, then you should look forward into another business, which wouldn't need to be learnt by the mistakes, as in Forex, it is very necessary to not to...
    I don't. I learn from my mistakes.


    Well Mate, then you should look forward into another business, which wouldn't need to be learnt by the mistakes, as in Forex, it is very necessary to not to repeat mistakes.
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  • Cybertron
    Cybertron replied to a discussion, Why you choose Forex?
    That is not all true, I have seen many traders who have entered the Forex with nominal amount of say $100 and making good fortune through it. It is not necessary to be rich for trading Forex.
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