Here is the markup for USD/CHF that I cover in my Weekly Market Analysis video I post every Sunday on all the major pairs, so you can form a plan to trade the markets in the coming week. Just another tool to help everyone in this community. For a FREE FULL VIDEO BREAKDOWN of all these markups, please head over to our website at the following link:
www.zenfxtrading.com
The Breakout Opportunities system has just bought USDCHF at 1.01599. The system recommends entering this trade at any price between 1.01557 and 1.017. The signal was issued because the USDCHF has broken its 24-hour high while our Speculative Sentiment Index was at -2.75888, suggesting that the USDCHF may have further to rise. A stop loss has been set at the...
USDCHF is approaching our first resistance at 1.0007 (horizontal swing high resistance, 50% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 0.9959 (61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance where we might see a...
USDCHF is approaching our first resistance at 0.9983 (horizontal pullback resistance, ascending channel’s resistance, 61.8% Fibonacci extension, 38.2% Fibonacci retracement) where we might see a drop to our major support at 0.9944 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance.
Trading CFDs on...
USDCHF is approaching our first support at 1.0018 (horizontal pullback support, 61.8% Fibonacci extension) where a strong bounce might occur to our major resistance at 1.0054 (38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed...
