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Zheng Zhang Loh
The Dollar was moderately lower against the other major currencies on Tuesday, despite the release of upbeat US consumer confidence data as investors remained cautious ahead of a speech by Federal Reserve Chair Janet Yellen...
31
Zheng Zhang Loh
Traders build profits by identifying market inefficiencies through technical or fundamental analysis and taking risk at the most opportune time. It’s one of the few pursuits in which consistent losing is the natural component of a winning equation...
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90
Zheng Zhang Loh
USD/CHF Trade Idea
Major support – 0.9630 (trend line joining 0.91136 and 0.9257)
The pair has broken minor support 0.9680 and declined till 0.96432 at the time of writing. It is currently trading around 0.96516.
Short term trend is slightly bullish as long as support 0.9630 holds.
Any break below 0.9630 will drag the pair down till 0.9580/0.9530 in short term.
On the higher side any trend reversal can happen only above 0.9800.
The minor resistance is around 0.9680 and break above targets 0.9720/0.9750/0.9780 level.
MACD- Bullish Divergence
It is good to buy at dips around 0.9635 with SL around 0.9600 for the TP of 0.9680/0.9725
Major support – 0.9630 (trend line joining 0.91136 and 0.9257)
The pair has broken minor support 0.9680 and declined till 0.96432 at the time of writing. It is currently trading around 0.96516.
Short term trend is slightly bullish as long as support 0.9630 holds.
Any break below 0.9630 will drag the pair down till 0.9580/0.9530 in short term.
On the higher side any trend reversal can happen only above 0.9800.
The minor resistance is around 0.9680 and break above targets 0.9720/0.9750/0.9780 level.
MACD- Bullish Divergence
It is good to buy at dips around 0.9635 with SL around 0.9600 for the TP of 0.9680/0.9725
Zheng Zhang Loh
The Dollar pushed higher against the other major currencies on Wednesday, even after data showed that US new home sales rose less than forecast in February and as hawkish comments by several Federal Reserve members continued to support the greenback...
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