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USDCHF creeping up is still shy of 0.99

Discussion in 'Current Market Sentiments' started by fx-recommends, Dec 23, 2015.

  1. fx-recommends

    fx-recommends Content Contributor

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    USDCHF could creep up for trading now around 0.9885, After the Swiss trade balance has shown 3.144b surplus only in November, while the market was waiting for 3.382b, after 4.086b in October.

    USDCHF is still below its hourly SMA50, SMA100 and SMA200 and also below its daily SMA50 but over longer run, it is existing above its daily SMA100 and SMA200.

    The pair daily Parabolic SAR (step 0.02, maximum 0.2) is reading now 0.9970 in its sixteenth day of being above the trading rate reflecting leading of the downside pressure.

    Important levels: Daily MA50 @ 0.9960, Daily MA100 @ 0.9821 and Daily MA200 @ 0.9648

    S&R:
    S1: 0.9855
    S2: 0.9808
    S3: 0.9796
    R1: 0.9967
    R2: 0.9989
    R3: 1.0032

    Walid Salah El din
    Senior Market Analyst
    Skype : chief.economist.walid

    walid.s@trade-24.com
    Tel: UK. +44 1138590277
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