Currency pair USD / CHF traded upward. Today, it is considered working off level 0.9740. "Further development of the expected consolidation and growth in the level of refinement of the local stretch targets at 0.9800," - noted the analysts of the Forex Broker Company FBS.
The dollar / franc 11 November 2014 formed a new dead cross, but is above the critical line. Current sell signal is not confirmed and weak, as Chinkou Span entrenched above the price which is above the Ichimoku cloud. Therefore, the aim is for the downward movement of the first support level 0.9579, but shorts are not relevant to fixing prices below the Ichimoku cloud.
In case of overcoming the first objective will be the subsequent second support level 0.9499. Downward movement has prospects as long as the price is below the Kijun-Sen (0.9660). Now the price is above the critical line, a sell signal is weakened to the limit, and the continuation of the downward movement called into serious doubt, the upward movement may continue with a view to the first resistance level 0.9740.
Currency pair USD / CHF as of 9.00 GMT - out of the market. The US dollar continued to move upwards after strong growth from 0.9617. In the short term, the pair may head towards 0,9720-25. However, only a sample high last week at 0.9742 will be a sign of renewal recent upward wave and possibly prolong growth to 0.9500 and then to 0,9525-30. Nevertheless, the level of 0.9550 has all chances to resist.
Trading recommendations
While preferable not to open positions on this growth, it is recommended to stay out of the market. Breakdown Kijun-sen (0.9656) can cause another drop to 0.9617. In case of breakdown of the pullback from 0.9742 is likely to continue to support 0.9580. Nevertheless zone 0,9555-60 must resist. Then growth is possible. During yesterday's trading session, the currency pair rebounded to 0.9680. It happened after testing the upper limit of the Ichimoku cloud on the four-hour timeframe. It became obvious that the bulls got a great chance to continue the upward trend.
At the same time, pass above the resistance line Tenkan-sen they fail. Therefore, the signals for the purchase will be relevant only after fixing the above this level. "Oscillators are in positive zone and show a positive trend. Technical levels: Support - 0.9650 / 60; resistance - 0.9720," - said the expert of FBS (rated among the TOP Forex Brokers Masterforex-V World Academy http://www.masterforex-v.com/). Trading recommendations: 1. Buy - 0.9680; SL - 0.9650; TP1 - 0.9720; TP2 - 0.9750.
