#trendchannel

New Post has been published on http://u.to/TCHiDA

Ascending Development-Channel Help Restricts USDCHF Pullback

Daily Forex Technicals | Written by Admiral Markets | Nov 02 15 07:39 GMT

During early days of last week, the USDCHF tested the highest level in seven months following its break of year-old descending trend-line resistance and surpassed the 0.9820-25 horizontal resistance; though, short-term ascending trend-channel resistance limited the pair’s further upside and gave rise to price pullback to the channel support at present. If the pair breaks below mentioned channel support, at 0.9850, it can quickly drift lower to 0.9820-25 horizontal resistance-turned-support. However, the 0.9780 level, encompassing the year-old descending trend-line and 23.6% Fibonacci Retracement of August lows to recent highs, becomes strong downside support for the pair, breaking which pair’s recent break out strength gets nullified and it can become vulnerable enough to test 38.2% Fibo, near 0.9680 level.

Meanwhile, the 0.9900 round figure mark and the 0.9930 are likely immediate resistances that the pair could witness while a break of which can further strengthen the pair’s up-move towards surpassing the 1.0000 psychological magnet.

About the Author

Admiral Markets

Notes

The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces.

One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective.

As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.

The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions.

In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan – on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.

New Post has been published on http://u.to/TCHiDA

Ascending Development-Channel Help Restricts USDCHF Pullback

Daily Forex Technicals | Written by Admiral Markets | Nov 02 15 07:39 GMT

During early days of last week, the USDCHF tested the highest level in seven months following its break of year-old descending trend-line resistance and surpassed the 0.9820-25 horizontal resistance; though, short-term ascending trend-channel resistance limited the pair’s further upside and gave rise to price pullback to the channel support at present. If the pair breaks below mentioned channel support, at 0.9850, it can quickly drift lower to 0.9820-25 horizontal resistance-turned-support. However, the 0.9780 level, encompassing the year-old descending trend-line and 23.6% Fibonacci Retracement of August lows to recent highs, becomes strong downside support for the pair, breaking which pair’s recent break out strength gets nullified and it can become vulnerable enough to test 38.2% Fibo, near 0.9680 level.

Meanwhile, the 0.9900 round figure mark and the 0.9930 are likely immediate resistances that the pair could witness while a break of which can further strengthen the pair’s up-move towards surpassing the 1.0000 psychological magnet.

About the Author

Admiral Markets

Notes

The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces.

One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective.

As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.

The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions.

In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan – on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.

New Post has been published on http://u.to/TCHiDA

Ascending Development-Channel Help Restricts USDCHF Pullback

Daily Forex Technicals | Written by Admiral Markets | Nov 02 15 07:39 GMT

During early days of last week, the USDCHF tested the highest level in seven months following its break of year-old descending trend-line resistance and surpassed the 0.9820-25 horizontal resistance; though, short-term ascending trend-channel resistance limited the pair’s further upside and gave rise to price pullback to the channel support at present. If the pair breaks below mentioned channel support, at 0.9850, it can quickly drift lower to 0.9820-25 horizontal resistance-turned-support. However, the 0.9780 level, encompassing the year-old descending trend-line and 23.6% Fibonacci Retracement of August lows to recent highs, becomes strong downside support for the pair, breaking which pair’s recent break out strength gets nullified and it can become vulnerable enough to test 38.2% Fibo, near 0.9680 level.

Meanwhile, the 0.9900 round figure mark and the 0.9930 are likely immediate resistances that the pair could witness while a break of which can further strengthen the pair’s up-move towards surpassing the 1.0000 psychological magnet.

About the Author

Admiral Markets

Notes

The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces.

One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective.

As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.

The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions.

In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan – on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.

New Post has been published on http://u.to/TCHiDA

Ascending Development-Channel Help Restricts USDCHF Pullback

Daily Forex Technicals | Written by Admiral Markets | Nov 02 15 07:39 GMT

During early days of last week, the USDCHF tested the highest level in seven months following its break of year-old descending trend-line resistance and surpassed the 0.9820-25 horizontal resistance; though, short-term ascending trend-channel resistance limited the pair’s further upside and gave rise to price pullback to the channel support at present. If the pair breaks below mentioned channel support, at 0.9850, it can quickly drift lower to 0.9820-25 horizontal resistance-turned-support. However, the 0.9780 level, encompassing the year-old descending trend-line and 23.6% Fibonacci Retracement of August lows to recent highs, becomes strong downside support for the pair, breaking which pair’s recent break out strength gets nullified and it can become vulnerable enough to test 38.2% Fibo, near 0.9680 level.

Meanwhile, the 0.9900 round figure mark and the 0.9930 are likely immediate resistances that the pair could witness while a break of which can further strengthen the pair’s up-move towards surpassing the 1.0000 psychological magnet.

About the Author

Admiral Markets

Notes

The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces.

One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective.

As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.

The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions.

In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan – on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.

New Post has been published on http://u.to/TCHiDA

Ascending Development-Channel Help Restricts USDCHF Pullback

Daily Forex Technicals | Written by Admiral Markets | Nov 02 15 07:39 GMT

During early days of last week, the USDCHF tested the highest level in seven months following its break of year-old descending trend-line resistance and surpassed the 0.9820-25 horizontal resistance; though, short-term ascending trend-channel resistance limited the pair’s further upside and gave rise to price pullback to the channel support at present. If the pair breaks below mentioned channel support, at 0.9850, it can quickly drift lower to 0.9820-25 horizontal resistance-turned-support. However, the 0.9780 level, encompassing the year-old descending trend-line and 23.6% Fibonacci Retracement of August lows to recent highs, becomes strong downside support for the pair, breaking which pair’s recent break out strength gets nullified and it can become vulnerable enough to test 38.2% Fibo, near 0.9680 level.

Meanwhile, the 0.9900 round figure mark and the 0.9930 are likely immediate resistances that the pair could witness while a break of which can further strengthen the pair’s up-move towards surpassing the 1.0000 psychological magnet.

About the Author

Admiral Markets

Notes

The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces.

One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective.

As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.

The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions.

In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan – on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.

New Post has been published on http://u.to/TCHiDA

Ascending Development-Channel Help Restricts USDCHF Pullback

Daily Forex Technicals | Written by Admiral Markets | Nov 02 15 07:39 GMT

During early days of last week, the USDCHF tested the highest level in seven months following its break of year-old descending trend-line resistance and surpassed the 0.9820-25 horizontal resistance; though, short-term ascending trend-channel resistance limited the pair’s further upside and gave rise to price pullback to the channel support at present. If the pair breaks below mentioned channel support, at 0.9850, it can quickly drift lower to 0.9820-25 horizontal resistance-turned-support. However, the 0.9780 level, encompassing the year-old descending trend-line and 23.6% Fibonacci Retracement of August lows to recent highs, becomes strong downside support for the pair, breaking which pair’s recent break out strength gets nullified and it can become vulnerable enough to test 38.2% Fibo, near 0.9680 level.

Meanwhile, the 0.9900 round figure mark and the 0.9930 are likely immediate resistances that the pair could witness while a break of which can further strengthen the pair’s up-move towards surpassing the 1.0000 psychological magnet.

About the Author

Admiral Markets

Notes

The Wave Analysis it for today the most flexible, powerful and perspective tool which allows to predict tendencies which lead to certain changes on financial charts on all time pieces.

One of properties of this tool is its insufficient formalisation, proceeding from it the opinion of the author of the forecast made on the basis of the Wave Analysis always is subjective.

As the Wave Structure constantly varies, the forecast on the basis of the Wave Analysis reflects opinion of the author at the moment of the forecast publication.

The Wave Analysis is not trading system. It not the generator of signals on the conclusion or an exit from the transaction, therefore the schematical direction of movement of the price put on the chart should not be for the trader the guide to action on opening of positions.

In case of formation in the market of conditions which, according to the author it is possible to use for drawing up of the trading plan – on a chart levels of acknowledgement of the chosen scenario, optimum areas of an input and levels of cancellation of the chosen scenario will be specified in addition.