Forex Analysis: 11 Jan 2017, 14:15 UTC+00

USD/CHF profit target reached once again, get ready to turn bullish

Price bounced nicely above our buying level yesterday. We remain bullish above 1.0129 support (Fibonacci retracement, horizontal overlap support) to see a bounce up to at least 1.0212 resistance (Fibonacci retracement, horizontal overlap resistance).

Stochastic (21,5,3) is holding above our 9.3% support.

Buy above 1.0129. Set stop loss at 1.0083 and take profit at 1.0212.

analytics58764c118a378.png

Show full picture


Performed by
analytical expert: Dean Leo
InstaForex Group © 2007-2017
 Published: 11 Jan 2017, 14:15 UTC+00

 
Recommend: Forex Analytics
 
Elliott wave analysis of EUR/NZD for February 23, 2017
23 Feb 2017, 11:00 UTC+00   
Views today 2103
Technical analysis of USD/JPY for February 23, 2017
23 Feb 2017, 10:30 UTC+00   
Views today 2069
Elliott wave analysis of EUR/JPY for February 23, 2017
23 Feb 2017, 10:53 UTC+00   
Views today 2055
Technical analysis of NZD/USD for February 23, 2017
23 Feb 2017, 10:25 UTC+00   
Views today 2019
Technical analysis of GBP/JPY for February 23, 2017
23 Feb 2017, 10:23 UTC+00   
Views today 2018