Sunday 29 March 2015

USDCHF Positional Analysis 29-Mar-2015

Update 07-May-2015



Update: 3-Mar-2015
5:52 AM IST
Still I expect to see another up move, but now for any buy sl is 0.9480. Still I prefer buy on dips with max sl 0.9480 for other targets above 0.9740.

Below 0.9480, sell can be initiated with sl 0.9760. Advanced view. Sl will be modified if this trade activated.

As long as USDCHF resisted by 1.0127/1.0240, I expect to see 0.9343 (min) - [[ 0.9110 ]] - 0.8550 (max).



Main Trade Idea: Sell On Rise Between 0.9800-1.0020, Max SL 1.0140. TGTs: 0.9500, 0.9343 (min) - [[ 0.9110 ]] - 0.8550 (max).

If USDCHF supported by 0.9550, I expected to see 0.9680, 0.9800, 0.9890, 0.9950, 1.0015.

Trade Idea 1: CMP 0.9632, Max SL 0.9550, TGTs:0.9680, 0.9800, 0.9890, 0.9950, 1.0015.
SL Modified on 6-APR-2015 to 0.9475.

Trade Idea 2: Sell On Rise Between 0.9800-1.0020, Max SL 1.0140. TGTs: 0.9500, 0.9343 (min) - [[ 0.9110 ]] - 0.8550 (max).

Trade Idea 3: Sell below 0.9490 on Rise if Price goes below 0.9490.
Trade Idea 4: Buy above 1.0135 or on dips if price goes above 0.0130.

As per my analysis, I prefer Trade Ideas 1 & 2.

6-Apr-2015
11:30 AM IST BUY USDCHF at cmp 0.952, SL 0.9475, TGTs: 0.9565, 0.9580, 0.9610, 0.9625, 0.9645 and Other targets.


TRADE AT YOUR RISK.