empty
 
 
19.03.2015 01:09 PM
Technical analysis of USD/CHF for March 19, 2015

This image is no longer relevant

Overview:

According to the previous events, the price of the USD/CHF pair has been still moving between the levels of 0.9870 and 0.9982. The resistance has been already set at the level of 0.9990 and the support stands at the level of 0.9868 (61.8% of Fibonacci retracement levels). Hence, we expect a range of 122 pips from today until tomorrow. Additionally, it should be noted that if the trend is ascending, the strength of the currency will be defined as follows: USD is in uptrend and CHF is in downtrend. Therefore, it will be good to buy above this area (0.9870) with the first target at 0.9957 in order to try to break the daily pivot point. Then, the price will be able to continue in uptrend towards the price of 0.9982 (a double bottom is going to be formed at the level of 0.9980 on H4 chart). On the other hand, the stop loss should be placed below the support of 0.9850.

This image is no longer relevant

Intraday technical levels:

Date:19/03/2015

Pair:USD/CHF

  • R3: 1.0457
  • R2: 1.0263
  • R1: 1.0022
  • PP: 0.9828
  • S1: 0.9587
  • S2: 0.9393
  • S3: 0.9152
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In June we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback