USDCHF Analysis 14/11/14

FX:USDCHF   U.S. Dollar / Swiss Franc
130 0 2
Long term trend: Down
Medium term trend: Up
Significant Levels: 0.9680 (Horizontal Resistance), 0.9540 (Horizontal Support), Fibonacci Retracement

The resistance was recognized by the market. Price is now forming a consolidation. We are still bullish with this pair. What we are looking for here is for the price to touch the support line, then bounce back up and continue its trend. This is the ideal scenario that we could trade here. It is also possible that the price might break above the resistance without going back down first to the support. That would be another case for us. For now, there is definitely no trade for us as the price is near the resistance level and we don't want to be placing a buy position near that level.

Trade well.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out