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[QUOTE="Antony_NPBFX, post: 171621, member: 38727"] [B][SIZE=5] USD/CHF: USD is strengthening 16.10.2019[/SIZE][/B] Good afternoon, dear forum visitors! [URL='https://www.tb.marketinstructor.com/?referer1=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 on Tuesday, updating local highs of October 4. The decline in CHF was facilitated by not the most successful macroeconomic statistics from ZEW. German ZEW Economic Sentiments in October showed a decrease from –22.5 to –22.8 points, which, however, turned out to be better than market expectations of –27.0 points. ZEW Economic Sentiment in the euro area fell to –23.5 points from previous –22.4 in October. Investors counted at –33.0 points. Statistics from Switzerland also turned out to be weak. Producer Price Index in September showed a decrease of 0.3% MoM after a decrease of 0.2% MoM last month. Experts expected a decrease of 0.1% MoM. In annual terms, the indicator accelerated its decline from –1.9% to –2.0%, which coincided with the estimates. [B] Support and resistance [/B] Bollinger Bands in D1 chart show moderate growth. The price range is narrowing, reflecting the appearance of the multi-directional dynamics in recent days. MACD is trying to reverse downwards but it retains its previous buy signal (located above the signal line). Stochastic keeps its upward direction but is approaching its highs rapidly, which reflects risks of the overbought USD in the ultra-short term. One should keep existing long positions in the short and/or ultra-short term until the situation is clear. It's worthwhile to postpone opening new positions now. Resistance levels: 0.9982, 1.0000, 1.0026, 1.0047. Support levels: 0.9964, 0.9948, 0.9925, 0.9897. [IMG]http://businesspr-finance.com/wp-content/uploads/2019/10/usdchf16102019-111.png[/IMG] [IMG]http://businesspr-finance.com/wp-content/uploads/2019/10/usdchf16102019-222.png[/IMG] [B] Trading tips [/B] To open long positions, one can rely on the breakout of 0.9982 or 1.0000. Take profit — 1.0047. Stop loss — 0.9970 or 0.9950. The breakdown of 0.9964 or 0.9948 may serve as a signal to new sales with target at 0.9897. Stop loss — 0.9982 or 0.9990. Implementation time: 2-3 days. [B]Use more opportunities of the NPBFX analytical portal: analytics[/B] You can find more actual analytical reviews on other popular currency pairs, metals and CFDs on the NPBFX online portal. Daily analytics with charts, current market prognoses and trading scenarios in the Feed section are available. Get free and unlimited access to the online portal after registering on the official website of NPBFX Company. 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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