Mathematical analysis with Murray lines of USD/CHF for January 20, 2014
January 20, 2014 5:15 am
Daily chart
The USD/CHF after it closed with a clear sailing bullish last Friday, it is more likely that this new week it begins with the upward trend.
First, after its final upward momentum, closing above the 5/8 line (green line) which is, as we know the top line of its trading range after having a double support at the lines of 3/8 and 4/8.
However, the price break should clear the area of resistance that is demarcated with the red line, so that we can enter with buying positions above this.
4-hour chart
In the figure of 4 hours we can also observe that at 0.9129 there is the first top line of the band of quotation. In turn, this line is found within the area of the 3/8 line (green line). Therefore, both are converted to a double resistance that the USD/CHF you’ll have to break decisively in order to continue moving up in the next few days. However, before doing so, prices probably suffer a reverse in order to have a greater upward momentum.
1-hour chart
In the 1 hour chart of the price of the USD/CHF is in this time by tapping the limit of the line 6/8 (red line) which is a major line of reversion. Therefore, more likely it is to expect a slight setback on the price in order to continue with their upward momentum. In case of close at least a full sailing above 0.9125, we would be faced with a possible extension of the price up to 0.9155 before having a setback.
If you have any questions or suggestions, please contact:
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 USD/CHF after it closed with a clear sailing bullish last Friday, it is more likely that this new week it begins with the upward trend.
First, after its final upward momentum, closing above the 5/8 line (green line) which is, as we know the top line of its trading range after having a double support at the lines of 3/8 and 4/8.
However, the price break should clear the area of resistance that is demarcated with the red line, so that we can enter with buying positions above this.
4-hour chart
In the figure of 4 hours we can also observe that at 0.9129 there is the first top line of the band of quotation. In turn, this line is found within the area of the 3/8 line (green line). Therefore, both are converted to a double resistance that the USD/CHF you’ll have to break decisively in order to continue moving up in the next few days. However, before doing so, prices probably suffer a reverse in order to have a greater upward momentum.
1-hour chart
In the 1 hour chart of the price of the USD/CHF is in this time by tapping the limit of the line 6/8 (red line) which is a major line of reversion. Therefore, more likely it is to expect a slight setback on the price in order to continue with their upward momentum. In case of close at least a full sailing above 0.9125, we would be faced with a possible extension of the price up to 0.9155 before having a setback.
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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