Dollar/Swissie Eyes Parity

13 April, 2017

USD/CHF is eyeing a break back below parity and if this is seen, look for the 200 day moving average and 50% retracement of the early April run higher at 0.9950-0.9960 as being the next obvious line of support.

USD/CAD has now made a sustained move below the 100 day moving average at 1.3280 and is eyeing a break below the 200 day MA of 1.3220. If this is successful, look for a return to the run of February closing lows around 1.3070

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.


Source link   Presented by STO

USD/CHF slides farther below 0.9900

The USD/CHF pair traded with a negative bias through the early European session on Friday and is currently placed at the lower end of...

USD/CHF after the breakdown

Last week USD/CHF broke below the uptrend support line of 2018. It's now providing resistance for the price at 0.9965. Another obstacle on the upside is...

USDCHF profit target reached perfectly

Price has shot down perfectly from our selling level and reached our profit targets. We prepare to buy above major support at 0.9598 (Fibonacci retracement...


USDCHF approaching major resistance

Price has reached our profit target perfectly from Monday. We prepare to sell below major resistance at 0.9770 (Fibonacci extension, horizontal swing...

USDCHF dropping perfectly

Price has started to drop really nicely from our selling area and we remain bearish for a further drop below 0.9735 resistance...

USDCHF testing major resistance

Sell below 0.9956. Stop loss at 0.9975. Take profit at 0.9896. Stochastic (34,5,3) is seeing descending resistance...


USDCHF at major resistance

The major news item driving USD today is the Nonfarm Payrolls. The Nonfarm Payrolls measures the change in the number of people...

USDCHF look to buy on strong support

Reason for the trading strategy (technically): Price continues to test major support at 0.9925 (Fibonacci retracement...

USDCHF profit target reached, time to start buying

Price dropped once again perfectly as expected and reached our profit target. We now turn bullish above 1.0071 support (Fibonacci retracement, horizontal support) for a push up to 1.0124 resistance (Fibonacci retracement, horizontal overlap resistance)...

  


Share it on:   or