Previous Story
USDCHF is following a downtrend.
Posted On 15 Dec 2014
Comment: 0
| EURUSD | H4 | ||
| Resistance | 1.2502 | 1.2544 | 1.2603 |
| Support | 1.2401 | 1.2341 | 1.2299 |
| Primary Scenario | EURUSD is trading narrowly above the daily pivot (1.2442). An upside momentum, will trigger the market to retest the hurdle at 1.2502. A successful attempt to penetrate this level will indicate bullish implications, targeting the next resistance at 1.2544. | ||
| Alternative Scenario | A plunge of the pair below the daily pivot, will push prices to find support at 1.2401. | ||
 |
GBPUSD | H4 | |
| Resistance | 1.5740 | 1.5769 | 1.5792 |
| Support | 1.5689 | 1.5665 | 1.5637 |
| Primary Scenario | The pair is oscillating around the daily pivot at 1.5717. Should GBPUSD achieve to penetrate the barrier at 1.5740, it will reach the next level at 1.5769. | ||
| Alternative Scenario | A break back below the daily pivot will lead the currency rate down to the support level at 1.5689. | ||
 |
USDCHF | H4 |  |
| Resistance | 0.9682 | 0.9730 | 0.9762 |
| Support | 0.9602 | 0.9570 | 0.9522 |
| Primary Scenario | USDCHF is following a downtrend. A sustained trading below the daily pivot (0.9650), will lead the pair to continue its trend, targeting the support levels at 0.9602 and 0.9570. | ||
| Alternative Scenario | A successful surpass of the daily pivot, will fuel the pair up to the resistance level at 0.9682. | ||
 |
USDJPY | H4 | |
| Resistance | 119.15 | 119.53 | 120.15 |
| Support | 118.03 | 117.75 | 117.42 |
| Primary Scenario | The USDJPY pair is still negotiating below the kumo. If the market continues its downtrend, it will hit the forthcoming support at 118.03 and further down to 117.75. | ||
| Alternative Scenario | An upward wave, would bring the pair into a correction course, up to the resistance level at 119.15 (Kijun-sen). | ||
 |
AUDUSD | H4 | |
| Resistance | 0.8285 | 0.8327 | 0.8357 |
| Support | 0.8213 | 0.8184 | 0.8141 |
| Primary Scenario | AUDUSD has tested the support level at 0.8213, before retracing back to the daily pivot at 0.8255. An impulsive movement to the south, will open the way to violate the support at 0.8213 and lead the way down to 0.8184. | ||
| Alternative Scenario | A higher thrust of the market, will lead the exchange rate above the daily pivot and further up at 0.8285. | ||
The post USDCHF is following a downtrend. appeared first on Forex Circles.
Source:: USDCHF is following a downtrend.
