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    Technical analysis of USD/CHF for March 5, 2015


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    • The USD/CHF pair has not shown signs of following the break of the highest level of 0.9580 and has opened above the daily pivot point today. Therefore, it will be a good sign to buy above the level of 0.9600 with the first target at 0.9725 and resume to 0.9750 today. However, in case a reversal takes place and the USD/CHF pair breaks through the support level of 0.9580, the market is likely to decline to 0.9434 in order to indicate a correction movement at this level. Meanwhile, the daily chart represents a strong support at 0.9600, moreover the channel emerging of the RSI is still positive on the weekly frame, so the RSI calls for a new uptrend at this level. Additionally, if the EMA50 (blue color) cross over the support at the price of 0.9613, it would be more a confirmation for uptrend in a long term period.
    Intraday technical levels: Date:5/03/2015 Pair:USD/CHF
    • R3: 0.9759
    • R2: 0.9718
    • R1: 0.9675
    • PP: 0.9634
    • S1: 0.9591
    • S2: 0.9550
    • S3: 0.9507

    Mourad El Keddani neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door portal. Als u zijn artikel goed vindt, stemt u dan op hem.

    Uitgevoerd door, Analytische expert
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