USD/CHF, 30 min
Pivot: 0.9291
Analysis:
Provided that the currency pair is traded below 0.9310, follow the recommendations below:
- Time frame: 30 min
- Recommendation: short position
- Entry point: 0.9291
- Take Profit 1: 0.9270
- Take Profit 2: 0.9245
Alternative scenario:
In case of breakout of the level 0.9310, follow the recommendations below:
- Time frame: 30 min
- Recommendation: long position
- Entry point: 0.9310
- Take Profit 1: 0.9335
- Take Profit 2: 0.9365
Comment:
RSI shows the possibility of descending momentum.
Key levels:
Resistance --- Support
0.9365 -------- 0.9270
0.9335 -------- 0.9245
0.9310 -------- 0.9220
USD/CHF, D1
Pivot: 0.9294
Analysis:
While the price is above 0.9210, follow the recommendations below:
- Time frame: D1
- Recommendation: long position
- Entry point: 0.9294
- Take Profit 1: 0.9480
- Take Profit 2: 0.9600
Alternative scenario:
If the level 0.9210 is broken-down, follow the recommendations below:
- Time frame: D1
- Recommendation: short position
- Entry point: 0.9210
- Take Profit 1: 0.9110
- Take Profit 2: 0.9020
Comment:
RSI shows the development of an uptrend in the medium-term.
Key levels:
Resistance -- Support
0.9700 -------- 0.9210
0.9600 -------- 0.9110
0.9480 -------- 0.9020
USD/ZAR Forecast Fundamental Analysis | US Dollar / South African Rand
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