Tuesday, April 14, 2015

USD/CHF Technical Analysis and Forex Strategy for Tuesday, April 14 2015


 
USD/CHF Forex Technical analysis and Strategy
USD/CHF

SUMMARY : USD/CHF had been majorly showing the bullish trend on charts but from the past few trading sessions, prices are not sustaining at higher levels & looking weak for the upcoming sessions. If we talk about the technical analysis then the currency pair is consolidating with strong negative bias to give a breakout at downside. It is facing resistance of 30 DMA. Prices are also taking support at the important level of 0.9750. Today's Forex strategy should be such that if the pair breaks its support level & manages to sustain below it, then it can test its 200 DMA and come till the levels of 0.9700/0.9660 in today's session.

INDICATORS:-
MACD line is also sustaining in selling territory, indicating the bearish trend in the pair.

USD/CHF Forex Technical analysis
Technical Analysis Chart
 
STRATEGY :- USD/CHF is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.


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