USD/CHF – Mathematical analysis with Murray Lines for Septiermbre 26, 2013
September 26, 2013 6:30 am
Monthly chart
Looking at the monthly charts, we can see that USD/CHF has been approaching its support zone located at 0.9000 and according to Murrey math lines is in a bearish spot because although repeatedly attempt to overcome the area of 5/8 (green line) was unsuccessful. For this reason, the 0.9000 area is an important area to consider, because the crossing of this area would be facing a downtrend in the medium and long term.
Today the Swiss National Bank is publishing its quarterly newsletter.
Weekly chart
The weekly chart also shows USD/CHF is below the line of 3/8 (green line) considered the bottom line of its trading range, which also indicates that the prevailing trend is bearish and the pair change that trend would have to trade above 0.9155 and so enter his range area. Meanwhile it is likely to close the week at 0.9033 or very close to this area. However, the risk does not benefit us to suggest either no entry for today.
Daily chart Finally, the daily chart shows a large area between the line range from 3/8 located at 0.9155 and line 2/8 (red line) located at 0.9033 and it is likely to observe the behavior of USD/CHF in this area for several days and strong movements are subject to what happens to its counterpart and data coming from the U.S. Meanwhile, we are in an area of indecision and consolidation and we only wait patiently.
If you have any questions or suggestions, please contact me right through:
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
Monthly chart
Looking at the monthly charts, we can see that USD/CHF has been approaching its support zone located at 0.9000 and according to Murrey math lines is in a bearish spot because although repeatedly attempt to overcome the area of 5/8 (green line) was unsuccessful. For this reason, the 0.9000 area is an important area to consider, because the crossing of this area would be facing a downtrend in the medium and long term.
Today the Swiss National Bank is publishing its quarterly newsletter.
Weekly chart
The weekly chart also shows USD/CHF is below the line of 3/8 (green line) considered the bottom line of its trading range, which also indicates that the prevailing trend is bearish and the pair change that trend would have to trade above 0.9155 and so enter his range area. Meanwhile it is likely to close the week at 0.9033 or very close to this area. However, the risk does not benefit us to suggest either no entry for today.
Daily chart
Finally, the daily chart shows a large area between the line range from 3/8 located at 0.9155 and line 2/8 (red line) located at 0.9033 and it is likely to observe the behavior of USD/CHF in this area for several days and strong movements are subject to what happens to its counterpart and data coming from the U.S. Meanwhile, we are in an area of indecision and consolidation and we only wait patiently.
If you have any questions or suggestions, please contact me right through:
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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