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USD/CAD: technical analysis 16 July 2019, 11:19

USD/CAD: technical analysis 16 July 2019, 11:19 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 1.303...

Dec 7, 2018

USD/CHF: technical analysis 07 December 2018, 08:46


Scenario
Timeframe Intraday
Recommendation SELL STOP
Entry Point 0.9905
Take Profit 0.9835
Stop Loss 0.9950
Key Levels 0.9848, 0.9877, 0.9893, 0.9915, 0.9961, 1.0007, 1.0041, 1.0067, 1.0091, 1.0126
Alternative scenario
Recommendation BUY STOP
Entry Point 0.9955
Take Profit 0.9990
Stop Loss 0.9935
Key Levels 0.9848, 0.9877, 0.9893, 0.9915, 0.9961, 1.0007, 1.0041, 1.0067, 1.0091, 1.0126
USD/CHF, D1
On D1 chart the pair is trading in the lower part of Bollinger Bands. The indicator reverses downwards, and the price range has expanded slightly, which is the basis for the further decline of the pair. MACD histogram is correcting in the neutral zone, the signal for entering the market is not formed. Stochastic does not give a clear signal for opening positions.

USD/CHF, H4
On the H4 chart, the instrument corrected to the bottom line of Bollinger Bands. The key support level is 0.9916. The indicator is directed horizontally, and the price range is expanding, which indicates the continuation of the downtrend. MACD histogram started declining having formed a sell signal. Stochastic left the oversold area, having formed a strong signal to open long positions.

Key levels
Resistance levels: 0.9961, 1.0007, 1.0041, 1.0067, 1.0091, 1.0126.
Support levels: 0.9915, 0.9893, 0.9877, 0.9848.
Trading tips
Short positions may be opened below 0.9910 with target at 0.9835 and stop loss at 0.9950. Implementation time: 1-3 days.
Long positions may be opened above 0.9950 with target at 0.9990 and stop loss at 0.9935. Implementation period: 1-2 days.

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