USD/CHF – Mathematical analysis with Murray lines for August 27, 2013
August 27, 2013 2:30 pm
Daily chart
USDCHF during the session of the first day of the week made slight movements, registering less than 20 pips from the opening to the closing of the session, because there were no significant data for the pair to move in any direction. However, high volatility has been observed in 1-day chart since a decline by almost 40 pips within one hour.We found trading at 0.9216. Nevertheless, no clear trend for today is seen as it oscillates in a neutral zone between the line 4/8 (blue line) and 3/8 (green line). Like yesterday, today, we have no meaningful data affecting the Swiss franc, however we should be vigilant to the data related to the U.S. dollar as the consumer confidence indices that will be announced today.
4-hour chart
In 4-hour chart we can see a situation like a downtrend exhaustion, though the line 7/8 is considered as a weak line of support or resistance, the pair did not kept under it. On the contrary, several occasions took place and can indicate a change in the trend and a possible reversal in next hour. On the other hand, we should take into account that with a bounce of about 30 pips up, the two channels can transfer in downtrend and place upward field.
1-hour chart
Finally, the 1-hour chart shows USDCHF is in a neutral zone as we find it at 0.9218 around the line 4/8, which is located at 0.9216. Moreover, being in the center line of gravity, this gives us a possible bullish signal. Because of this, the day of August 27 Tuesday suggest caution because if we decide to trade we should be willing to risk some 80 pips.
If you have any questions or suggestions, please, contact:
Daily chart
USDCHF during the session of the first day of the week made slight movements, registering less than 20 pips from the opening to the closing of the session, because there were no significant data for the pair to move in any direction. However, high volatility has been observed in 1-day chart since a decline by almost 40 pips within one hour.We found trading at 0.9216. Nevertheless, no clear trend for today is seen as it oscillates in a neutral zone between the line 4/8 (blue line) and 3/8 (green line). Like yesterday, today, we have no meaningful data affecting the Swiss franc, however we should be vigilant to the data related to the U.S. dollar as the consumer confidence indices that will be announced today.
4-hour chart
In 4-hour chart we can see a situation like a downtrend exhaustion, though the line 7/8 is considered as a weak line of support or resistance, the pair did not kept under it. On the contrary, several occasions took place and can indicate a change in the trend and a possible reversal in next hour. On the other hand, we should take into account that with a bounce of about 30 pips up, the two channels can transfer in downtrend and place upward field.
1-hour chart
Finally, the 1-hour chart shows USDCHF is in a neutral zone as we find it at 0.9218 around the line 4/8, which is located at 0.9216. Moreover, being in the center line of gravity, this gives us a possible bullish signal. Because of this, the day of August 27 Tuesday suggest caution because if we decide to trade we should be willing to risk some 80 pips.
If you have any questions or suggestions, please, contact:
Email: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
Related Posts: