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USD-CHF forex analysis for the week of January 23 to 27
by admin ·
The last week, we wrote, “Obviously é and under 0.9480, the decline could extend to 0.9420 and 0.9380 without this calling into question the increase to 1.00. Instead, we worry about a return to 0.9320.. “And went on parity to the lowest 09,320 to finish 9338 on Friday night.
It is true that we were very optimistic about passage of our resistance rising to 0.9720 and 1.00. Everything was going well with the deterioration of the financial rating of France, which had pushed the euro down and the dollar on the rise. But ultimately, the parity is on the lower income range.
So what? First monitor the 0.9320/0.9280 zone. As long as we stay above those levels, return on 0.9520/9580 is quite possible, even if the daily macd is it bearish. Thus, we try to buy these levels to play the range with stoploss below 0.9270.
If it works then it will be necessary to see if we can sell to the highest return on the bottom …
On the downside, and in the media, it may be pushed back in a danger zone that could range from a few weeks we see parity out the bottom and why not turn around …. Then only the area of 0.9220/9180 may still impede . But under the latter then the uncertainty will dominate.
Our tips for the week: We play the range above 0.9320/0.9270 0.9220/0.9180 below are sold for
We buy for 9320/9280 9520/9580
We sell 9580 to 9420
We sell 9370 to 9220/9180
Statistics that can influence the currency pair
Jan. 25 German IFO
January 25 FED rate
January 27 US GDP
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