USD/CHF Jams into Fibonacci Retracement

| 31 juli, 2015 | 0 kommentarer

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USD/CHF Jams into Fibonacci Retracement

Chart Prepared by Jamie Saettele, CMT

Automate trades with Mirror Trader and see ideas on other USD crosses

-“The next move for USDCHF is huge. The rate has failed at the 200 day average several times in recent months so a push above would indicate an important break above resistance. At the same time, shorts playing the range towards .9215 or so are afforded tight stops.”

-“USDCHF has broken above key resistance (from long term slope and the long term MA. Focus is on .9720 (61.8% retracement of March-May decline and 4/23 high). Watch for support near .9500.” USDCHF made low just above .95 (low was .9524) and reached .9718 today (7/30). This video explains more.

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Kategori: Analys från DailyFX

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