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[QUOTE="Antony_NPBFX, post: 167523, member: 38727"] [size=5][b]USD/CHF: USD is strengthening 24.07.2019[/b][/size] Good afternoon, dear forum visitors! [url=http://www.npbfx.com/?utm_campaign=company&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url] offers the latest release of analytics on USD/CHF for a better understanding of the current market situation and more efficient trading. [B]Current trend[/B] USD rose against CHF yesterday, developing the "bullish" impulse formed last week. The pressure on franc was exerted by the negative prospects of Brexit and the statements of US President Donald Trump, who noted that "in trade matters, the EU is worse than China." Investors fear the escalation of the US-EU trade conflict since it is not the first time when Trump is trying to impose additional duties on European goods. Published macroeconomic statistics was ambiguous. Sales in the US secondary housing market in June fell by 1.7% after rising by 2.9% MoM last month (forecast of only −0.2% MoM). Richmond Fed Manufacturing Index in July dropped sharply from 3 to −12 points, with the forecast of 5 points. European statistics reflected a slight increase in consumer confidence from −7.2 to −6.6 points, with a constant forecast. [B]Support and resistance[/B] Bollinger Bands in the D1 chart demonstrate flat dynamics. The price range is slightly narrowed from above, reflecting the change in trading in the short term. MACD indicator is growing preserving a weak buy signal (histogram is above the signal line). Stochastic shows similar dynamics, being approximately in the center of its working area, which reflects good prospects for the development of an uptrend in the short/ultra-short term. One should look at the possibility of further growth of the instrument in the near future. Resistance levels: 0.9860, 0.9887, 0.9907, 0.9930. Support levels: 0.9833, 0.9800, 0.9775, 0.9737. [img]http://businesspr-finance.com/wp-content/uploads/2019/07/chf-3.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2019/07/chf-4.png[/img] [b]Trading tips[/b] To open long positions, one can rely on the breakout of 0.9870–0.9880. Take profit – 0.9930 or 0.9950–0.9960. Stop loss – 0.9850–0.9840. A reverse near the current level, followed by a breakdown of 0.9860–0.9850, may become a signal for sales with the target at 0.9800. Stop loss – 0.9870–0.9880. Implementation period: 2-3 days. [b]Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast[/b] You can learn more about the current situation on USD/CHF and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as EUR/USD, GBP/USD, USD/JPY, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on USD/CHF and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url]. [/QUOTE]
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