USD/CHF Open 0.9587 High 0.9616 Low 0.9563 Close 0.9577
On Friday dollar/franc increased with 50 pips. The European currency appreciated from 0.9563 to 0.9616 last Friday, matching the positive money flow sentiment at over +3%, closing the day at 0.9577. This morning the dollar is trading quietly, with movements within Friday's range for now.
On the 1-hour chart the downward channel is slowing down, while on the 3-hour chart small angle downward channel has formed. Break above the nearest resistance and Friday's top at 0.9616 may lead to further lifting of the dollar. Going below Friday's bottom and first support at 0.9563, however, could diminish the currency pair more, towards next objective downwards 0.9459.
Quotes are moving below the closing 20 and 50 EMA on the 1-hour chart, indicating bearish pressure. The value of the RSI indicator is negative and declining, MACD is negative and calm, while CCI has thinly crossed down the 100 line on the 1-hour chart, giving over all short signals.
Technical resistance levels: 0.9616 0.9710 0.9814
Technical support levels: 0.9563 0.9459 0.9362
Today +29 pips gained on USD/CHF from the following signal:
5:30 GMT+1 Buy USD/CHF at 0.9587 SL 0.9561 T 0.9637, exit given at 11:33 GMT+1.
Total today +111, as shown at our web site.
Have a great day!
