USDCHF intraday forecast (technical side) 2016-03-04

4 March 2016, 14:07
oleksandr bilokon
0
43
Estimated level:
Support (S1 / S2 / S3 = 0,9896 / 74/39), resistance (R1 / R2 / R3 = 0,9965 / 87 / 1.0021).
Key resistance levels (1st from 0.9981 to 0.9927 late in the day, the 2nd of 0.9982 to 0.9949).
Reduced activity of bulls in the 2nd half of the day that marked OsMa indicator that provides the basis of planning of trading correction dominated sales.
Given the neutral position, orientation and Stochastics oscillator, expect a test levels (down H1), where it is recommended to consider the activities of the parties on the charts of smaller timeframes.
For short-term sales, on condition of formation of reversal signals, the target is calculated daily support levels (S1, S2, down D1 broken), in the breakdown to (S3).

Short purchases make sense provided pproboyu above R1-w with the objectives to R1, R2, R3.

Chart : http://bi0l.blogspot.com/2016/03/usdchf-intraday-forecast-technical-side.html 

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