USDCHF > Entry Point Analysis
USDCHF- 1W > 10/22/2017
IND: 20 SMA / 100 SMA
Broken resistance @ 0.9835 indicates further rise to 0.9990 testing w/20 SMA adding additional confirmation to uptrend.
Break of 0.9846 from weekly 100 SMA adds confirmation to upward momentum, IMO.
Break and Hold above 0.9990 indicates further rise to 1.0342 re-test resistance.
Key support @ 0.9736 with break and hold below would indicate decline toward 0.9587 re-test.
Personal bias: Bullish
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
IND: 20 SMA / 100 SMA
Broken resistance @ 0.9835 indicates further rise to 0.9990 testing w/20 SMA adding additional confirmation to uptrend.
Break of 0.9846 from weekly 100 SMA adds confirmation to upward momentum, IMO.
Break and Hold above 0.9990 indicates further rise to 1.0342 re-test resistance.
Key support @ 0.9736 with break and hold below would indicate decline toward 0.9587 re-test.
Personal bias: Bullish
* Personal analysis only. Please use your own rules and strategies prior to entering market.
** Forex trading involves HIGH RISK.
Before entering a trade, carefully consider your objectives, financial resources and level of experience.
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