USD/CHF: the pair is expected to rise on 30.06.2015

June 30, 2015

Presumably, as a part of the daily timeframe, the correction has developed as wave 2, which currently has the form of a zigzag. Locally, most likely, the third wave of the senior-level 3 has started to form, within which the lead-in impetus (i) of iii of 3 has been formed and the local correction (ii) of iii is developing. If the assumption is correct and the price does not break through the critical level of 0.9140, the pair will continue growing to the level of 0.9840.

Trading tips

Buy the pair from corrections above 0.9140 with the target at 0.9840. If the level 0.9140 is broken through, sell the pair with the target at 0.8820.

Alternative scenario

Breakout and consolidation below the level of 0.9140 will allow the price to continue declining to the level of 0.8820.

Publication source
LiteForex information  LiteForex reviews

February 17, 2017
Golds rally may falter
The gold price has racked up its 2nd straight day of gains today on the back of US dollar weakness and doubts over an interest rate hike next month from the US Federal Reserve...
February 16, 2017
Where is black gold heading?
The Euro is slowly going down and this is not brought on by the Eurozone situation. Instead, this is fueled by the U.S. Dollar. Yesterday, Janet Yellen gave a speech in the Senate Banking Committee emphasising the fact that it Is not quite right to use the wait-and-see stance regarding the interest rate hike...
February 14, 2017
Will France exit the euro?
The Euro has come under pressure late in the European session today, after analysts warned of the huge costs that France would face should they decide to ditch the European currency...

EXNESS Rating
OANDA Rating
Fort Financial Services Rating
OctaFX Rating
Orbex Rating
Tickmill Rating

Banc De Binary Rating
OptionRally Rating
GTOptions Rating
Binary.com Rating
Beeoptions Rating
TropicalTrade Rating