EUR/CHF: Technical Analysis for June 28, 2012
2012-06-28 10:20:45 (читать в оригинале)
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Forecast:
- At 1.2 a strong level (Support) will be formed providing a clear signal for Buy-deals with the target seen at the 1.254 level. Stop Loss is to be placed below 1.1850.
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Overview:
Still hold on to our position - long buying above 1.2.
EUR/CHF: The market continues to show signs of strength following the break above 1.2000. Therefore it will turn to a strong support. In such case, a stronger rise should be seen towards 1.2524 resistance for confirmation. Moreover, the trend is still above 50% Fibonacci retracement level, thus it will be a good sign to buy above 1.2 and sell below 1.1850.
Types of Analysis:
- Fundamental analysis: The Swissie is also quoted amid the promise to “buy unlimited Euros in order to support this market".
- Technical analysis: On a daily chart the level of 1.2 coincides with the golden ratio (61.8% of Fibonacci retracement levels) then it indicates for a bullish market.
- Sentiment analysis: Psychology level is at 1.2000, than one should be patient to keep the trade to end.
- Money management: Always invest 3% - 7% of the capital (composite) per all trades, always risk (Stop Loss) 1% - 5% of the capital per all trades, and always trade high risk ratio trade at least ½.
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