Mathematical analysis with Murray lines of USD/CHF for January 15, 2014
January 15, 2014 1:15 pm
Daily СЃhartВ
The USD/CHF continues today with its upward trend. Yesterday it made a U-turn from its level 50.00 Fibonacci retract. At this time in the morning, after having gone beyond their level of advancement of 61.8. This level is in the area of its neutral line of 4/8 of the lines of g, Murrey J and apparently this will be their support area for your next target at 0.9155 around the 6/8 line (red line) which is a significant level of retraction.
Therefore, we would do well to continue buying at current levels, with a moderate risk for about 40 pips that would be placed below the line 4/8.
4-hour chartВ
On the other hand, in the figure of 4 hours we saw a slight curl of the USD/CHF that, however, has not been achieved or even touch the level of 0.9059 where is located your second daily resistance, the same that now would be its support in which it would support in the event of a return to retract in the next few hours. In addition to less than 20 pips of this resistance we have also their weekly pivot, so that we can continue to buy with much more confidence above 0.9060.
1-hour chartВ
FinallyВ even the 1 hour chart shows us the USD/CHF unwinding its line 7/8 (orange line), however, if we take into account that this area is considered a weak line of resistance, it is most likely that in the next few hours completed by shifting up to find a stronger resistance which could well be the 8/8 line (blue line).
We can also take into account that in the second window of our chart, the volume of purchase is at high levels, which no doubt will continue to exert upward pressure.
В
If you have any questions or suggestions, please contactВ [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.
В
В The material has been provided by InstaForex Company – www.instaforex.com
Daily СЃhartВ
The USD/CHF continues today with its upward trend. Yesterday it made a U-turn from its level 50.00 Fibonacci retract. At this time in the morning, after having gone beyond their level of advancement of 61.8. This level is in the area of its neutral line of 4/8 of the lines of g, Murrey J and apparently this will be their support area for your next target at 0.9155 around the 6/8 line (red line) which is a significant level of retraction.
Therefore, we would do well to continue buying at current levels, with a moderate risk for about 40 pips that would be placed below the line 4/8.
4-hour chartВ
On the other hand, in the figure of 4 hours we saw a slight curl of the USD/CHF that, however, has not been achieved or even touch the level of 0.9059 where is located your second daily resistance, the same that now would be its support in which it would support in the event of a return to retract in the next few hours. In addition to less than 20 pips of this resistance we have also their weekly pivot, so that we can continue to buy with much more confidence above 0.9060.
1-hour chartВ
FinallyВ even the 1 hour chart shows us the USD/CHF unwinding its line 7/8 (orange line), however, if we take into account that this area is considered a weak line of resistance, it is most likely that in the next few hours completed by shifting up to find a stronger resistance which could well be the 8/8 line (blue line).
We can also take into account that in the second window of our chart, the volume of purchase is at high levels, which no doubt will continue to exert upward pressure.
В
If you have any questions or suggestions, please contactВ [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.
В
В
The material has been provided by InstaForex Company – www.instaforex.com
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