Technical analysis of USD/CHF for February 27, 2014
February 27, 2014 6:05 am
In Wednesday’s trading session the pair came out of the range in higher side 0.8915 and it made a high at the level of 0.8931. The pair faced resistance at 21DEMA. In the daily chart oscillators are giving a positive direction, but as per the hourly chart oscillators basis, the pair will come back to retest the support levels of 0.89, 0.8896, and 0.8889, and then move to higher levels. The pair remains in a downtrend from 0.9082, February 2, 2014 high, and it extended its fall to 0.8853. We can see the level of 0.8500 if the price breaks 0.8800.
During the Asian trading session, the pair is trading at the level of 0.8906.
S1 0.8900 R1 0.8930
S2 0.8890 R2 0.8945
The material has been provided by InstaForex Company – www.instaforex.com
In Wednesday’s trading session the pair came out of the
range in higher side 0.8915 and it made a high at the level of 0.8931. The pair
faced resistance at 21DEMA. In the daily chart oscillators are giving a positive
direction, but as per the hourly chart oscillators basis, the pair will come back
to retest the support levels of 0.89, 0.8896, and
0.8889, and then move to higher levels. The pair remains in a downtrend
from 0.9082, February 2, 2014 high, and it extended its fall to 0.8853. We can
see the level of 0.8500 if the price breaks 0.8800.
During the Asian trading session, the pair is trading at
the level of 0.8906.
S1 0.8900 R1 0.8930
S2 0.8890 R2 0.8945
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