USD/CHF – Mathematical analysis with Murray Lines for November 07, 2013
November 7, 2013 3:45 pm
Daily chart
The USD/CHF pair has been doing range between 0.9094 and 0.9155 for the last three days and during the early hours fell slightly. However, at this time of morning it either ascends slowly or finds resistance at 0.9125. To this day publication expected consumer rates by the State Secretariat for Economic Affairs (SECO) in addition to the total value of foreign exchange reserves held by the SNB by the Swiss National Bank. Apparently the results of these publications will have little or no influence on the movements of the pair. And we believe that the Swiss franc will regain some lost points to reach at least 0.9064 or 0.9033. A second scenario may be a slight increase to 0.9155.
4-hour chart
The 4-hour chart also shows the USD/CHF pair is hovering for some time on the line area 7/8 (yellow line) without having achieved at any time until now the price of 0.9155 where the line is located 8/8 (solid line) Murrey, considered this as a last line of resistance, there is the possibility that the price will retract. The trend oscillator is also in overbought areas which may also be an indication of a possible retraction.
1-hour chart In 1 hour charts while the USD / CHF is trading above its moving average and in turn about their daily pivot, however only about 10 pips from the current price is the top line of its trading band. On the other hand in his R is 0.9139 – 1 a day plus a bass line that crosses around these levels, so we believe it is possible to exploit the potential break the Swiss franc may have bullish after several days. To which our stop loss should be placed at 0.9170 up about 40 pips from the current price and a take profit at 0.9033.
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 pair has been doing range between 0.9094 and 0.9155 for the last three days and during the early hours fell slightly. However, at this time of morning it either ascends slowly or finds resistance at 0.9125.
To this day publication expected consumer rates by the State Secretariat for Economic Affairs (SECO) in addition to the total value of foreign exchange reserves held by the SNB by the Swiss National Bank.
Apparently the results of these publications will have little or no influence on the movements of the pair.
And we believe that the Swiss franc will regain some lost points to reach at least 0.9064 or 0.9033.
A second scenario may be a slight increase to 0.9155.
4-hour chart
The 4-hour chart also shows the USD/CHF pair is hovering for some time on the line area 7/8 (yellow line) without having achieved at any time until now the price of 0.9155 where the line is located 8/8 (solid line) Murrey, considered this as a last line of resistance, there is the possibility that the price will retract. The trend oscillator is also in overbought areas which may also be an indication of a possible retraction.
1-hour chart
In 1 hour charts while the USD / CHF is trading above its moving average and in turn about their daily pivot, however only about 10 pips from the current price is the top line of its trading band. On the other hand in his R is 0.9139 – 1 a day plus a bass line that crosses around these levels, so we believe it is possible to exploit the potential break the Swiss franc may have bullish after several days. To which our stop loss should be placed at 0.9170 up about 40 pips from the current price and a take profit at 0.9033.
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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