Mathematical analysis with Murray lines of USD/CHF for January 07, 2014
January 7, 2014 3:30 pm
Daily Chart
The Swiss franc continues to gain positions versus the U.S. dollar, while with other counterparts such as the euro, the American currency tends to be seen the le. As can be seen on the chart, the USD/CHF has its support now at the 4/8 line (blue line),which indicates the neutral zone, so if the price is above these levels, the panorama becomes bullish. On the other hand, since its moving average of 200 sessions is below that line, it seems to confirm this trend. However, we must wait for the price to exceed 0.9094 to see a clearer signal in this respect. In the meantime, we could enter a trap before the market pushes the prices again in bearish trend.
4-Hour Chart
The chart shows that the USD/CHF is on the top line of its bearish trend channel and about 30 pips to the 5/8 line (green line) of g, Murrey J. As we know, the same comes to be a top line of your channel trend in this area. It should be broken in order to show a clear sign of trend change in the long term. In the meantime, it is more likely that we will see a reverse at least up to the base of its trading range in the next few days so that we can enter with positions for sales below 0.9094 with a stop loss maximum of about 40 pips for a possible gain of about 80 to 100 pips.
1-Hour Chart
Finally, in the 1-hour chart we note a channel of upward quite narrow trend, within which the USD/CHF has moved Also in this time frame we can see that the level 5/8 of the lines of g, Murrey J is located at 0.9094, which converges with the top line of the trend channel, which could be an indication of a possible reverse. Also the index of relative strength or RSI is above 50 points.
Therefore, based on our analysis of the three charts, we will sell below 0.9094.
If you have any questions or suggestions, please contact: Email:[email protected]
DISCLAIMER No information published constitutes a solicitation, offer, or recommendation, to buy or sell any investment instrument, to effect any transactions, or to conclude any legal act, whatever its nature. The information published and opinions expressed are provided on an only for information only and is subject to change without notice, delimiting the company responsibility for decisions originating from the same, and they cause any kind of profit, loss or damage.
The material has been provided by InstaForex Company – www.instaforex.com
Daily Chart
The Swiss franc continues to gain positions versus the U.S. dollar, while with other counterparts such as the euro, the American currency tends to be seen the le.
As can be seen on the chart, the USD/CHF has its support now at the 4/8 line (blue line),which indicates the neutral zone, so if the price is above these levels, the panorama becomes bullish. On the other hand, since its moving average of 200 sessions is below that line, it seems to confirm this trend. However, we must wait for the price to exceed 0.9094 to see a clearer signal in this respect. In the meantime, we could enter a trap before the market pushes the prices again in bearish trend.
4-Hour Chart
The chart shows that the USD/CHF is on the top line of its bearish trend channel and about 30 pips to the 5/8 line (green line) of g, Murrey J. As we know, the same comes to be a top line of your channel trend in this area. It should be broken in order to show a clear sign of trend change in the long term. In the meantime, it is more likely that we will see a reverse at least up to the base of its trading range in the next few days so that we can enter with positions for sales below 0.9094 with a stop loss maximum of about 40 pips for a possible gain of about 80 to 100 pips.
1-Hour Chart
Finally, in the 1-hour chart we note a channel of upward quite narrow trend, within which the USD/CHF has moved Also in this time frame we can see that the level 5/8 of the lines of g, Murrey J is located at 0.9094, which converges with the top line of the trend channel, which could be an indication of a possible reverse. Also the index of relative strength or RSI is above 50 points.
Therefore, based on our analysis of the three charts, we will sell below 0.9094.
If you have any questions or suggestions, please contact:
Email:[email protected]
DISCLAIMER
No information published constitutes a solicitation, offer, or recommendation, to buy or sell any investment instrument, to effect any transactions, or to conclude any legal act, whatever its nature.
The information published and opinions expressed are provided on an only for information only and is subject to change without notice, delimiting the company responsibility for decisions originating from the same, and they cause any kind of profit, loss or damage.
The material has been provided by InstaForex Company – www.instaforex.com
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