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EUR/USD: general review 14 June 2019, 11:05

EUR/USD: general review 14 June 2019, 11:05 Scenario Timeframe Intraday Recommendation SELL STOP Entry Point 1.1265 ...

Apr 16, 2019

USD/CHF: technical analysis 16 April 2019, 10:39


Scenario
Timeframe Intraday
Recommendation BUY
Entry Point 1.0042
Take Profit 1.0105
Stop Loss 1.0015
Key Levels 0.9916, 0.9940, 0.9970, 0.9990, 1.0003, 1.0025, 1.0048, 1.0109, 1.0076
Alternative scenario
Recommendation SELL STOP
Entry Point 1.0015
Take Profit 0.9980
Stop Loss 1.0040
Key Levels 0.9916, 0.9940, 0.9970, 0.9990, 1.0003, 1.0025, 1.0048, 1.0109, 1.0076
USD/CHF, H4
On H4 chart the instrument was corrected to the upper border of Bollinger Bands. The indicator is directed up, and the price range has expanded, which indicates a further growth in the pair. MACD histogram is in the positive zone maintaining a weak buy signal. Stochastic has lost the overbought area forming the sell signal.

USD/CHF, D1
On D1 chart, the instrument is trading in the upper part of Bollinger Bands. The indicator is directed up, and the price range has expanded, which indicates a continuation of the upward trend. MACD histogram is correcting in the positive zone. Stochastic is ready to enter the overbought zone, so a strong sell signal can be formed in 1-2 days.

Key levels
Support levels: 1.0025, 1.0003, 0.9990, 0.9970, 0.9940, 0.9916.
Resistance levels: 1.0048, 1.0109, 1.0076.
Trading tips
Long positions may be opened from the current level with the target at 1.0105 and stop loss at 1.0015.
Short positions may be opened below 1.0020 with the target at 0.9980 and stop loss at 1.0040.
Implementation period: 1-2 days.

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