XT_Mobile_970x250_XFR
  1. Hello Guest Would you like to receive a FREE $50 No Deposit Bonus ? Check this

AUDCHF Follows Ascending Trend-Channel

Discussion in 'Technical Analysis' started by Kaitlin, Nov 13, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Joined:
    Aug 29, 2015
    Messages:
    6,349
    Likes Received:
    0
    On short-term chart, AUDCHF is oscillating within an ascending trend-channel formation on daily chart with the upper trend-line near 0.7200 mark acting as immediate resistance. This 0.7200 mark resistance also coincides with 200-day SMA resistance. Hence, a clear break-through this immediate resistance confluence is likely to pave way for extension[​IMG]

    Continue reading...
     

Share This Page

Trade indices Online