Mathematical analysis with Murray lines of USD/CHF for January 09, 2014
January 9, 2014 4:30 pm
Daily Chart
After the last bounce this morning, USD/CHF appears to be forming the figure. Closing the day above 0.9094, it is confirmed that we would be faced correction of 5 consecutive days to the upside. This possible correction could find its support on the neutral line of 4/8 (blue line) after that it would continue ascending as we mentioned in the earlier analysis; the dominant picture is bullish.
1-Hour Chart
Finally, in the 1 hour chart we could see it confirmed when prices fall below the moving average of 200 sessions. Then we could enter with positions of sale, with a stop loss as maximum of 30 pips with a potential for gain of up to 180 pips for the next few days of negotiation. On the other hand, although prices back to touch the peak of 0.9123 reached during the previous hour, we do not recommend buying positions; we suggest selling positions. As for tomorrow, two important reports are supposed to be released that will have impact on the crossing USD/CHF.
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
After the last bounce this morning, USD/CHF appears to be forming the figure. Closing the day above 0.9094, it is confirmed that we would be faced correction of 5 consecutive days to the upside. This possible correction could find its support on the neutral line of 4/8 (blue line) after that it would continue ascending as we mentioned in the earlier analysis; the dominant picture is bullish.
1-Hour Chart
Finally, in the 1 hour chart we could see it confirmed when prices fall below the moving average of 200 sessions. Then we could enter with positions of sale, with a stop loss as maximum of 30 pips with a potential for gain of up to 180 pips for the next few days of negotiation.
On the other hand, although prices back to touch the peak of 0.9123 reached during the previous hour, we do not recommend buying positions; we suggest selling positions. As for tomorrow, two important reports are supposed to be released that will have impact on the crossing USD/CHF.
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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