Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
Technical Analysis
Video | Market Technical | Solid ECN
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="SOLIDECN, post: 203680, member: 80239"] [HEADING=1][JUSTIFY]USD/CHF, Fibonacci analysis by Solid ECN Securities[/JUSTIFY][/HEADING] [HR][/HR] [HEADING=3][JUSTIFY]USD/CHF, D1[/JUSTIFY][/HEADING] [JUSTIFY]On the daily chart, the price reached 0.9260 (retracement of 61.8%), but then sharply corrected down and is now trying to gain a foothold below the level of 0.9110 (retracement of 0.0%). If successful, the decline will continue to the area of 0.9020 (expansion of 100.0%). In case of a breakout of 0.9166 (retracement of 23.6%, the middle line of the Bollinger Bands), the price will be able to return to 0.9230 (retracement of 50.0%) or 0.9260 (retracement of 61.8%). Technical indicators point out a continuation of the decline: the Bollinger Bands and Stochastic are directed downwards, and the MACD histogram increases in the negative zone. [ATTACH type="full" alt="usdchf_d1.png"]19895[/ATTACH] [/JUSTIFY] [HEADING=3][JUSTIFY]USD/CHF, W1[/JUSTIFY][/HEADING] [JUSTIFY]On the weekly chart, the price continues to decline along the 38.2% descending fan line. Currently, the quotes are trying to gain a foothold below the 0.9150 mark (retracement of 23.6%), but so far without success. If successful, the decline will continue to the levels of 0.8950 (near the June lows) and 0.8825 (retracement of 0.0%). In case of a breakout of 0.9190 (the middle line of the Bollinger Bands), the growth will be able to continue to 0.9350 (retracement of 38.2%). Technical indicators do not give a single signal: the Bollinger Bands are horizontal, the Stochastic is directed down, but approaches the oversold zone, which does not exclude a reversal, and the MACD histogram decreases in the positive zone. [ATTACH type="full" alt="usdchf_w1.png"]19896[/ATTACH] [/JUSTIFY] [HEADING=3][JUSTIFY]Support and resistance[/JUSTIFY][/HEADING] [JUSTIFY]Generally, the continuation of the price decline seems more likely. Its targets may be 0.9020 (expansion of 100.0%, D1) and 0.8950 (the area of June lows). In case of a breakout of 0.9190 (the middle line of the Bollinger Bands, W1), it will be possible to start growth towards 0.9260 (retracement of 61.8%, D1) and 0.9350 (retracement of 38.2%, W1). Resistance levels: 0.9190, 0.9260, 0.9350. Support levels: 0.9020, 0.8950, 0.8825.[/JUSTIFY] [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…