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    Technical analysis of USD/CHF for November 17, 2015

    USDCHFH1.png

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    Overview:

    • According to previous events, the USD/CHF pair has still been moving in an uptrend above the levels of 1.0081 and 1.0040.
    • The psychological level set at 1.0100.
    • Therefore, buy deals are recommended above the levels of 1.0081 and 1.0040 with targets at 1.0170 in order to form a new double top at this level in the H1 chart. Moreover, the USD/CHF pair will try to break the level of 1.0170 to call for the bullish market above 1.0170 today. Hence, the price will continue moving towards the level of 1.0216 with a view to retest the double top later. On the other hand, the stop loss should always be taken in account, so it will be of wisdom to set your stop loss at the level of 1.0005.
  • The psychological level set at 1.0100.
  • Therefore, buy deals are recommended above the levels of 1.0081 and 1.0040 with targets at 1.0170 in order to form a new double top at this level in the H1 chart. Moreover, the USD/CHF pair will try to break the level of 1.0170 to call for the bullish market above 1.0170 today. Hence, the price will continue moving towards the level of 1.0216 with a view to retest the double top later. On the other hand, the stop loss should always be taken in account, so it will be of wisdom to set your stop loss at the level of 1.0005.
  • Intraday technical levels:

    • R2: 1.0216
    • R1: 1.0170
    • PP: 1.0081
    • S1: 1.0005
    • S2: 0.9972
  • R1: 1.0170
  • PP: 1.0081
  • S1: 1.0005
  • S2: 0.9972

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