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Navigation FX - Technical Analysis
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[QUOTE="Navigation FX, post: 119001, member: 39595"] [SIZE=6][B][B][U]USD/CHF – Ascending Trend Line[/U][/B][/B] [/SIZE] Yesterday’s press conference with President-Elect Donald Trump was an interesting one to say the least. All talk about Russia and nothing on financial policies. Since after, we saw significant bullish movements in safe havens such as Gold, Japanese Yen and the Swiss Franc. Technically we can see here that the parity has tested this support line on a few times. Just to let you know the graphic below is a 4-Hour chart (H4). Even though this an ascending trendline, the RSI is suggesting to us that selling momentum is increasing, meaning that if it tests again, it could break out. If it were to break out, the next support would certainly be at 1.0000. A dangerous area as this is a psychological resistance, make sure to be careful in this vicinity.... For more: [URL]http://www.navigationfx.com/usdchf-technical-analysis-2/[/URL] [IMG]http://www.navigationfx.com/wp-content/uploads/2017/01/USDCHF.png[/IMG] [/QUOTE]
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