USD/CHF – Mathematical Analysis with Murray Lines for Ocrober 03, 2013
October 3, 2013 2:45 pm
The Swiss Franc in daily chart is in a strong support area, there is at the Fractal of 0.90 below the 2/8 from the line of Murray, the fact that the U.S. dollar is weak, the traders are waiting for the outcome of political debates about budgets and U.S. debt. On the other hand, the first U.S. government shutdown in 17 years is fueling speculation that the longer it lasts, the more likely the Fed will delay the reduction of monetary stimulus program, boosting currencies, operating against the U.S. dollar, as for the Franc right, now we recommend buy above 0.90, only a daily close below this level will invalidate our bullish view.
In the 4-hour chart, we note that the Franc is within the bearish channel, we expect a break of the 0.9033 level, the blue lines of Murray and 0.9040, the bearish channel ceiling, the overcoming of both levels will push the pair, and this could be a good input signal, whose objective is in the area of 0.9216.
In the image below of 1-hour, the Swiss Franc, we note that it is within a range of rates, we expect above 2/8P rebound until 6/8P range area and then find a decline of the pair. On the other hand, bluntly break of 0.9079 resistance area, will be a good opportunity to buy back the pair, with objectives to +2/8P
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
The Swiss Franc in daily chart is in a strong support area, there is at the Fractal of 0.90 below the 2/8 from the line of Murray, the fact that the U.S. dollar is weak, the traders are waiting for the outcome of political debates about budgets and U.S. debt. On the other hand, the first U.S. government shutdown in 17 years is fueling speculation that the longer it lasts, the more likely the Fed will delay the reduction of monetary stimulus program, boosting currencies, operating against the U.S. dollar, as for the Franc right, now we recommend buy above 0.90, only a daily close below this level will invalidate our bullish view.
In the 4-hour chart, we note that the Franc is within the bearish channel, we expect a break of the 0.9033 level, the blue lines of Murray and 0.9040, the bearish channel ceiling, the overcoming of both levels will push the pair, and this could be a good input signal, whose objective is in the area of 0.9216.
In the image below of 1-hour, the Swiss Franc, we note that it is within a range of rates, we expect above 2/8P rebound until 6/8P range area and then find a decline of the pair. On the other hand, bluntly break of 0.9079 resistance area, will be a good opportunity to buy back the pair, with objectives to +2/8P
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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