empty
 
 
02.09.2016 10:51 AM
Technical analysis of USD/CHF for September 02, 2016
This image is no longer relevant

Overview:

  • The USD/CHF pair continues to move downwards from the level of 0.9861. Yesterday, the pair dropped from the level of 0.9861 to the bottom around 0.9762. But the pair has rebounded from the bottom of 0.9762 to close at 0.9800. Today, the first support level is seen at 0.9762, the price is moving in a bearish channel now. Furthermore, the price has been set below the new support at the level of 0.9762, which coincides with the 61.8% Fibonacci retracement level. This support has been rejected several times confirming the veracity of a downtrend. Additionally, the RSI starts signaling a downward trend. As a result, if the USD/CHF pair is able to break out the first support at 0.9792, the market will decline further to 0.9744 in order to test the daily support 2. Consequently, the market is likely to show signs of a bearish trend. So, it will be good to sell below the level of 0.9744 with the second target at 0.9695 and further to 0.9635. However, stop loss is to be placed above the level of 0.9861.

Intraday technical levels:

  • R3: 0.9949
  • R2: 0.9901
  • R1: 0.9861
  • PP: 0.9792
  • S1: 0.9744
  • S2: 0.9695
  • S3: 0.9635
Summary
Urgency
Analytic
Mourad El Keddani
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback