Technical analysis of USD/CHF for December 27, 2017




  • The USD/CHF pair is showing signs of strength following a breakout of the highest level of 0.9900.
    On the H1 chart. the level of 0.9903coincides with 50% of Fibonacci, which is expected to act as pivot point today. Since the trend is above the 50% Fibonacci level, the market is still in an uptrend.
    But, major support is seen at the level of 0.9828.
    Furthermore, the trend is still showing strength above the moving average (100).
    Thus, the market is indicating a bullish opportunity above the above-mentioned support levels, for that the bullish outlook remains the same as long as the 100 EMA is headed to the upside.
    Therefore, strong support will be found at the level of 0.9828 providing a clear signal to buy above the support levels of 0.9830 or 0.9900 with a target seen at 0.9920.
    If the trend breaks the minor resistance at 0.9920, the pair will move upwards continuing the bullish trend development to the level 0.9945 in order to test the daily resistance 2.
    However, the price spot of 0.9828 remains a significant support zone. Thus, the trend is still bullish as long as the level of 0.9828 is not breached.

The material has been provided by InstaForex Company –


Source link

قالب وردپرس

We hope you enjoyed reading the above post. How about helping us share the information to your fans and friends on social media? Meanwhile, you can rely on us daily for the latest and relevant free forex trading signals, free forex trading market news, free forex trading technical levels, weekly Pool draws, latest news from Nigeria and the world, educational articles and quality academic information, insurance news and scientific knowledge.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at

Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger

Leave a Reply