TheBanker
Short

USDCHF Market Analysis and Trading Tips 11th August 2016

FX:USDCHF   U.S. Dollar/Swiss Franc
4 months ago
SUMMARY:
The USDCHF             pair bounced slightly during the course of the day Wednesday, using the 0.9733 level as support. At this point in time, the market is looking bearish . The primary trend of USDCHF             is bearish on charts and price is trading below its support trend line in its hourly chart. In its daily chart the price is sustaining below 100 day SMA that are appears on the above image indicating downtrend of the pair. It is having an important resistance at the level of 0.9775 Support at the level of 0.9733. If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.


INDICATORS:-

MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.

STRATEGY:
USDCHF             is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.


www.tradingsignalreviews.com
4 months ago
Trade active
4 months ago
Comment: for those following, stops at breakeven
4 months ago
Trade closed manually
4 months ago
Comment: +20 pips
4 months ago
Comment: early close and already we're moving bullish, makes me feel happy - now to draw the path out again.. hope you guys made a few on this at least
3 months ago
Trade closed: target reached
To sign up for premium trades: www.tradingsignalreviews.com/shop

Retailers looking for tight spreads and fast executions? Shoot me a message
geniustrading
4 months ago
Appreciate your analysis more. Meanwhile, are you minimalist? :)
+1 Reply
TheBanker PRO geniustrading
4 months ago
thank you, and yes less it more as they say! :)
Reply
chris2224fx PRO
4 months ago
Just started following :) Amazing work!
+1 Reply
TheBanker PRO chris2224fx
4 months ago
thanks for your kind comments
Reply
Gluckmann
4 months ago
How come an early close if I may ask? :)
Reply
TheBanker PRO Gluckmann
4 months ago
dollar relief seems to be stopping, don't like the PA on this anymore
+1 Reply
Verna
4 months ago
Thank you Banker. I always follow your Ideas. God Bless
+1 Reply
TheBanker PRO Verna
4 months ago
thank you Jal :) All the best!
Reply
LongBreak
3 months ago
well done !
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out