empty
 
 
01.05.2014 05:48 PM
Technical analysis of USD/CHF for May 01, 2014

This image is no longer relevant

Overview:

USD/CHF is expected to trade in lower range. As financial markets in Switzerland were shut today for holiday. USD/CHF is undermined by the negative dollar sentiment. But CHF sentiment are dented by the surprise drop in Switzerland KOF economic barometer to 102.0 in April (versus forecast for rise to 107.2) from an upwardly revised 106.3 in March (originally reported at 106.1). USD/CHF losses also tempered by the dovish Swiss National Bank's monetary policy stance and franc sales on buoyant EUR/CHF cross. Daily chart is negative-biased as MACD and stochastics are turning bearish.

Trading recommendation:
The pair is trading below its pivot point. It is likely to trade in a lower range as far as it remains below its pivot point. Short position is recommended with the first target at 0.8765. A breach of this target will move the pair further downwards to 0.8730. The pivot point stands at 0.8810. In case the price moves in the opposite direction and bounces back from support level, and then it moves above its pivot point, it is likely to move further to the upside. In that scenario, a long position is recommended with the first target at 0.8825 and the second target at 0.8845.

Resistance levels:
08825
0.8845
0.8860

Support levels:
0.8765
0.8730
0.87

通过InstaForex赚取加密货币汇率变动的收益。
下载MetaTrader 4并开启您的第一笔交易。
  • 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 $5000 more!
    In November we raffle $5000 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

推荐文章

现在无法通话?
提出您的问题,用 在线帮助.
Widget callback