Daily chart
USD/CHF continues oscillating over 0.8850 after yesterday's session. By this time, prices are at 0.8872 right after having attained a minimum at 0.8856 in the morning. There has been not a lot of motion in the pair this day in spite of having passed more than 14 hours for what we can hope that even you continue accomplishing statuses in this area between the line 1/8 (yellow line) and the line 2/8 (red line).
4-hour chart
In the 4-hour chart USD/CHF is trying to violate the superior line of its tendency, however just like in the daily chart we considered that the limits of quotation for today will be delimited by the statuses of 1/8 and 2/8 of Murray's lines. Nevertheless, we will have bigger certainty of a rising tendency at the moment of entering over 0.8911 right now than so much the 15-stadium moving average just like there would be the one belonging to 50 periods underneath the quoted price. So much MACD's indicators and momentum advance in tandem without an obvious definition for the moment, however our rising perspectives of our previous analysis continue.
1-hour chart
Finally we can see some signs in 1-hour chart. On the one hand, the price right after having found support on a rising trend line, at this moment came out of an angle formed by both trend lines finding support at a trend line the same that now they serve to be an additional support. In addition the price comes closer to its weekly pivot and the moment that the pair enters over this plus for entering with positions of purchase. Meanwhile in the worst-case scenario it is than the price falls some 30 pips to the first weekly support; And serialize our risk in case of depositing that one at this moment, which would be about 30 to 60 pips.
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Email: antonio.inga@analytics.instaforex.com
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