USD / CHF has gone through its variety level, above the 1.0000 price level. The weakening of the USD / CHF is not separated from the strengthening of the USD which hit almost all other currencies versus the USD, as the impact of the stronger optimism the Fed's interest rate hike in December. In Europe alone, the weakening of the Euro as its QE program also melemehkan Swiss Franc.
Which must be observed Wednesday night this was ECB President Mario Draghi is scheduled to speak in England's Open Forum 2015. His statement will also affect the movement of the Swiss franc. But technically, the weakening of the USD / CHF that has passed its variety this level, it is possible to be a correction first.
USD / CHF in Time Frame H1 identified Rising Wedge pattern formation, and the price has broken through the support. Usually technically, the condition is a reversal signal, so traders can make sell order with the target to a level of 1.0000 or its variety could be even further to 0.9972. for risk limitation can be placed a buy stop order at 1.0090 with a target nearby high rise in the price level closest to 1.0127 or could also catch up to the price level 1.0238 (the highest price level closest before the SNB cut rate).
USD / CHF in Time Frame H1 identified Rising Wedge pattern formation, and the price has broken through the support. Usually technically, the condition is a reversal signal, so traders can make sell order with the target to a level of 1.0000 or its variety could be even further to 0.9972. for risk limitation can be placed a buy stop order at 1.0090 with a target nearby high rise in the price level closest to 1.0127 or could also catch up to the price level 1.0238 (the highest price level closest before the SNB cut rate).
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